Braun Stacey Associates Inc. lifted its stake in shares of Walt Disney Co (NYSE:DIS) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,683 shares of the entertainment giant’s stock after acquiring an additional 10,199 shares during the quarter. Walt Disney accounts for 1.4% of Braun Stacey Associates Inc.’s portfolio, making the stock its 7th largest holding. Braun Stacey Associates Inc.’s holdings in Walt Disney were worth $22,065,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment Corp IL lifted its holdings in shares of Walt Disney by 17.9% in the third quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock valued at $5,714,000 after purchasing an additional 7,430 shares in the last quarter. Brightworth lifted its holdings in shares of Walt Disney by 1.3% in the third quarter. Brightworth now owns 54,415 shares of the entertainment giant’s stock valued at $6,363,000 after purchasing an additional 715 shares in the last quarter. First American Bank purchased a new stake in shares of Walt Disney in the third quarter valued at $10,901,000. Cambridge Trust Co. lifted its holdings in shares of Walt Disney by 3.2% in the third quarter. Cambridge Trust Co. now owns 36,480 shares of the entertainment giant’s stock valued at $4,266,000 after purchasing an additional 1,141 shares in the last quarter. Finally, HRT Financial LLC purchased a new stake in shares of Walt Disney in the second quarter valued at $565,000. 62.99% of the stock is owned by institutional investors and hedge funds.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total value of $3,444,364.08. Following the transaction, the executive vice president now owns 29,199 shares in the company, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,886 shares of company stock worth $9,284,819. Corporate insiders own 0.38% of the company’s stock.
Shares of NYSE:DIS opened at $111.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. Walt Disney Co has a 1 year low of $97.68 and a 1 year high of $120.20. The firm 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 announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the company earned $1.07 earnings per share. Walt Disney’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Walt Disney Co will post 7.07 earnings per share for the current 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 issued a dividend of $0.88 per share. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. Walt Disney’s dividend payout ratio (DPR) is 23.73%.
A number of analysts have recently issued reports on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Pivotal Research restated a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a report on Sunday, September 23rd. Loop Capital increased their target price on Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $104.00 to $130.00 in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $122.39.
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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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