Edgemoor Investment Advisors Inc. lifted its holdings in shares of Walt Disney Co (NYSE:DIS) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,461 shares of the entertainment giant’s stock after purchasing an additional 2,059 shares during the quarter. Walt Disney comprises approximately 1.3% of Edgemoor Investment Advisors Inc.’s investment portfolio, making the stock its 24th biggest position. Edgemoor Investment Advisors Inc.’s holdings in Walt Disney were worth $10,578,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment Corp IL grew its holdings in shares of Walt Disney by 17.9% during the 3rd quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock worth $5,714,000 after purchasing an additional 7,430 shares during the period. First American Bank purchased a new position in shares of Walt Disney during the 3rd quarter worth $10,901,000. Cambridge Trust Co. grew its holdings in shares of Walt Disney by 3.2% during the 3rd quarter. Cambridge Trust Co. now owns 36,480 shares of the entertainment giant’s stock worth $4,266,000 after purchasing an additional 1,141 shares during the period. HRT Financial LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth $565,000. Finally, Carnick & Kubik Group LLC grew its holdings in shares of Walt Disney by 149.1% during the 2nd quarter. Carnick & Kubik Group LLC now owns 39,689 shares of the entertainment giant’s stock worth $4,160,000 after purchasing an additional 23,755 shares during the period. Institutional investors and hedge funds own 62.99% of the company’s stock.
Shares of Walt Disney stock opened at $115.49 on Monday. Walt Disney Co has a 12 month low of $97.68 and a 12 month high of $120.20. The stock has a market cap of $171.93 billion, a P/E ratio of 16.31, a PEG ratio of 1.73 and a beta of 1.18. 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 earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The company had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the business posted $1.07 EPS. Walt Disney’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts expect that Walt Disney Co will post 7.07 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 10th will be paid a $0.88 dividend. 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 dividend payout ratio (DPR) is presently 23.73%.
A number of equities analysts have recently weighed in on the company. Imperial Capital increased their price target on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a report on Wednesday, August 8th. BMO Capital Markets raised their target price on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a report on Wednesday, August 8th. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, B. Riley restated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney presently has an average rating of “Buy” and a consensus price target of $122.39.
In other news, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 961 shares of Walt Disney stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $117.06, for a total value of $112,494.66. Following the completion of the transaction, the executive vice president now owns 25,737 shares of the company’s stock, valued at approximately $3,012,773.22. The disclosure for this sale can be found here. Insiders sold a total of 78,838 shares of company stock valued at $9,391,319 in the last quarter. Company insiders own 0.38% of the company’s stock.
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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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