Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 34.4% during the third quarter, HoldingsChannel.com reports. The firm owned 2,190 shares of the entertainment giant’s stock after purchasing an additional 560 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Walt Disney were worth $256,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. CX Institutional bought a new stake in shares of Walt Disney during the second quarter worth approximately $672,000. Addenda Capital Inc. boosted its holdings in shares of Walt Disney by 96.8% during the second quarter. Addenda Capital Inc. now owns 157,198 shares of the entertainment giant’s stock worth $15,985,000 after acquiring an additional 77,323 shares during the period. Norway Savings Bank boosted its holdings in shares of Walt Disney by 11.0% during the second quarter. Norway Savings Bank now owns 11,141 shares of the entertainment giant’s stock worth $1,168,000 after acquiring an additional 1,100 shares during the period. Columbia Partners L L C Investment Management boosted its holdings in shares of Walt Disney by 35.0% during the second quarter. Columbia Partners L L C Investment Management now owns 24,095 shares of the entertainment giant’s stock worth $2,525,000 after acquiring an additional 6,251 shares during the period. Finally, Community Bank N.A. boosted its holdings in shares of Walt Disney by 2.2% during the second quarter. Community Bank N.A. now owns 33,290 shares of the entertainment giant’s stock worth $3,489,000 after acquiring an additional 703 shares during the period. Institutional investors own 62.99% of the company’s stock.
A number of equities research analysts have recently weighed in on DIS shares. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Morgan Stanley lifted their price target on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Finally, Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $104.00 to $130.00 in a research report on Friday, October 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $122.39.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of the business’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the sale, the executive vice president now directly owns 29,199 shares in the company, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,886 shares of company stock worth $9,284,819. Insiders own 0.38% of the company’s stock.
Shares of DIS opened at $114.33 on Friday. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The company has a market cap of $168.03 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the consensus estimate of $1.31 by $0.17. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, sell-side analysts anticipate that Walt Disney Co will post 7.07 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.88 per share. This represents a dividend yield of 1.51%. The ex-dividend date is Friday, December 7th. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s payout ratio is presently 23.73%.
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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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