Check Capital Management Inc. CA raised its holdings in shares of Walt Disney Co (NYSE:DIS) by 20.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,730 shares of the entertainment giant’s stock after acquiring an additional 4,015 shares during the quarter. Walt Disney makes up about 0.1% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 26th biggest position. Check Capital Management Inc. CA’s holdings in Walt Disney were worth $2,775,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of DIS. Phocas Financial Corp. raised its holdings in Walt Disney by 989,639.9% during the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares during the period. Dimensional Fund Advisors LP raised its holdings in Walt Disney by 22.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after acquiring an additional 1,129,743 shares during the period. Ruffer LLP raised its holdings in Walt Disney by 39.1% during the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after acquiring an additional 1,117,959 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Walt Disney by 10,630.8% during the second quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after acquiring an additional 1,013,007 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Walt Disney by 112.1% during the second quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock valued at $174,562,000 after acquiring an additional 880,100 shares during the period. 62.99% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on DIS. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Morgan Stanley raised their price target on Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, October 15th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. B. Riley reissued a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target 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 given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $122.39.
In related news, EVP Brent Woodford sold 961 shares of Walt Disney stock in a transaction dated Monday, October 1st. The stock was 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 in the company, valued at $3,012,773.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of Walt Disney stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the transaction, the executive vice president now owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders sold 77,886 shares of company stock worth $9,284,819 over the last ninety days. Insiders own 0.38% of the company’s stock.
Shares of DIS stock opened at $111.98 on Friday. Walt Disney Co has a 12-month low of $97.68 and a 12-month high of $120.20. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $168.03 billion, a PE ratio of 15.82, a PEG ratio of 1.69 and a beta of 1.17.
Walt Disney (NYSE:DIS) last issued its earnings results 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 firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that Walt Disney Co will post 7.07 EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 10th will be issued a $0.88 dividend. This represents a dividend yield of 1.51%. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date is Friday, December 7th. Walt Disney’s payout ratio is 23.73%.
Walt Disney Company 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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