Walt Disney Co (DIS) Short Interest Update
Walt Disney Co (NYSE:DIS) was the target of a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 21,073,177 shares, a growth of 11.6% from the December 15th total of 18,876,096 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 7,316,831 shares, the short-interest ratio is currently 2.9 days.
A number of hedge funds have recently modified their holdings of DIS. Stillwater Capital Advisors LLC lifted its position in shares of Walt Disney by 15.2% in the second quarter. Stillwater Capital Advisors LLC now owns 2,242 shares of the entertainment giant’s stock valued at $238,000 after acquiring an additional 296 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its position in shares of Walt Disney by 0.9% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 19,732 shares of the entertainment giant’s stock valued at $2,096,000 after acquiring an additional 175 shares in the last quarter. First Command Bank lifted its position in shares of Walt Disney by 52.0% in the second quarter. First Command Bank now owns 11,217 shares of the entertainment giant’s stock valued at $1,192,000 after acquiring an additional 3,838 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new position in shares of Walt Disney in the second quarter valued at approximately $849,000. Finally, Factory Mutual Insurance Co. lifted its position in shares of Walt Disney by 6.8% in the second quarter. Factory Mutual Insurance Co. now owns 1,183,500 shares of the entertainment giant’s stock valued at $125,748,000 after acquiring an additional 75,000 shares in the last quarter. Institutional investors own 61.55% of the company’s stock.
A number of research analysts have recently weighed in on DIS shares. Wells Fargo & Co reissued a “buy” rating and issued a $116.00 price objective on shares of Walt Disney in a report on Wednesday, September 20th. Piper Jaffray Companies set a $130.00 target price on Walt Disney and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Vetr downgraded Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 target price on the stock. in a research note on Thursday, October 19th. Citigroup restated a “buy” rating and issued a $119.00 target price on shares of Walt Disney in a research note on Wednesday, November 1st. Finally, Goldman Sachs Group upped their target price on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and an average price target of $116.07.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. equities analysts forecast that Walt Disney will post 6.31 EPS for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio is currently 29.58%.
About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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