Sand Hill Global Advisors LLC decreased its holdings in Walt Disney Co (NYSE:DIS) by 75.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,367 shares of the entertainment giant’s stock after selling 43,140 shares during the quarter. Walt Disney comprises approximately 1.4% of Sand Hill Global Advisors LLC’s portfolio, making the stock its 14th biggest holding. Sand Hill Global Advisors LLC’s holdings in Walt Disney were worth $1,443,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in DIS. Arrowstreet Capital Limited Partnership raised its position in Walt Disney by 44.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,032,917 shares of the entertainment giant’s stock worth $648,599,000 after acquiring an additional 1,860,702 shares in the last quarter. American Century Companies Inc. raised its position in Walt Disney by 53.4% in the first quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock worth $362,063,000 after acquiring an additional 1,255,464 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Walt Disney in the fourth quarter worth $131,539,000. Eaton Vance Management raised its position in Walt Disney by 27.6% in the fourth quarter. Eaton Vance Management now owns 4,812,722 shares of the entertainment giant’s stock worth $517,416,000 after acquiring an additional 1,041,427 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Walt Disney by 512.5% in the first quarter. SG Americas Securities LLC now owns 1,137,319 shares of the entertainment giant’s stock worth $114,232,000 after acquiring an additional 951,642 shares in the last quarter. Hedge funds and other institutional investors own 63.47% of the company’s stock.
DIS opened at $104.78 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a market cap of $156.61 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.49 and a beta of 1.29. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $113.19.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The business had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.11 billion. Walt Disney had a return on equity of 21.13% and a net margin of 20.16%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. equities analysts predict that Walt Disney Co will post 7.12 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, July 26th. Shareholders of record on Monday, July 9th will be paid a $0.84 dividend. This represents a yield of 1.62%. This is a positive change from Walt Disney’s previous semiannual dividend of $0.78. The ex-dividend date of this dividend is Friday, July 6th. Walt Disney’s dividend payout ratio (DPR) is presently 29.47%.
In other Walt Disney news, EVP Brent Woodford sold 768 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $104.35, for a total value of $80,140.80. Following the sale, the executive vice president now directly owns 28,493 shares of the company’s stock, valued at approximately $2,973,244.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.
Several research analysts have issued reports on DIS shares. BMO Capital Markets upgraded Walt Disney from an “underperform” rating to a “market perform” rating and set a $95.00 price objective for the company in a research report on Wednesday, April 25th. Vetr upgraded Walt Disney from a “buy” rating to a “strong-buy” rating and set a $111.60 price objective for the company in a research report on Tuesday, April 3rd. Pivotal Research upgraded Walt Disney from a “sell” rating to a “hold” rating and dropped their price target for the company from $94.00 to $93.00 in a research report on Tuesday, April 17th. Zacks Investment Research cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, B. Riley dropped their price target on Walt Disney from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Walt Disney has an average rating of “Buy” and an average price target of $118.53.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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