Ironvine Capital Partners LLC grew its position in shares of Walt Disney Co (NYSE:DIS) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,940 shares of the entertainment giant’s stock after purchasing an additional 2,045 shares during the quarter. Walt Disney makes up about 2.2% of Ironvine Capital Partners LLC’s holdings, making the stock its 21st largest position. Ironvine Capital Partners LLC’s holdings in Walt Disney were worth $10,868,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Norway Savings Bank increased its holdings in shares of Walt Disney by 11.0% in the second quarter. Norway Savings Bank now owns 11,141 shares of the entertainment giant’s stock valued at $1,168,000 after purchasing an additional 1,100 shares during the last quarter. Columbia Partners L L C Investment Management boosted its position in shares of Walt Disney by 35.0% in the second quarter. Columbia Partners L L C Investment Management now owns 24,095 shares of the entertainment giant’s stock valued at $2,525,000 after acquiring an additional 6,251 shares during the period. Community Bank N.A. boosted its position in shares of Walt Disney by 2.2% in the second quarter. Community Bank N.A. now owns 33,290 shares of the entertainment giant’s stock valued at $3,489,000 after acquiring an additional 703 shares during the period. FormulaFolio Investments LLC boosted its position in shares of Walt Disney by 61.9% in the second quarter. FormulaFolio Investments LLC now owns 11,239 shares of the entertainment giant’s stock valued at $1,178,000 after acquiring an additional 4,299 shares during the period. Finally, BKD Wealth Advisors LLC boosted its position in shares of Walt Disney by 1.5% in the second quarter. BKD Wealth Advisors LLC now owns 37,846 shares of the entertainment giant’s stock valued at $3,967,000 after acquiring an additional 551 shares during the period. 62.99% of the stock is currently owned by institutional investors.
DIS opened at $111.98 on Friday. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $120.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market cap of $168.03 billion, a P/E ratio of 15.82, a PEG ratio of 1.69 and a beta of 1.17.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The business had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. Walt Disney’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that Walt Disney Co will post 7.07 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be given a dividend of $0.88 per share. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date of this dividend is Friday, December 7th. This represents a yield of 1.51%. Walt Disney’s dividend payout ratio is currently 23.73%.
DIS has been the subject of a number of recent research reports. Morgan Stanley boosted their target price 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. Loop Capital boosted their target price on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $104.00 to $130.00 in a research report on Friday, October 19th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Finally, Pivotal Research reissued a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a research report on Sunday, September 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $122.39.
In related news, EVP Mary Jayne Parker sold 29,192 shares of the company’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert A. Iger sold 47,733 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Insiders have sold 77,886 shares of company stock valued at $9,284,819 in the last ninety days. 0.38% of the stock is currently owned by company insiders.
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About Walt Disney
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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