Ironvine Capital Partners LLC grew its stake in Walt Disney Co (NYSE:DIS) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,940 shares of the entertainment giant’s stock after purchasing an additional 2,045 shares during the period. Walt Disney makes up about 2.2% of Ironvine Capital Partners LLC’s holdings, making the stock its 21st largest holding. Ironvine Capital Partners LLC’s holdings in Walt Disney were worth $10,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of DIS. Barry Investment Advisors LLC lifted its stake in Walt Disney by 0.6% during the third quarter. Barry Investment Advisors LLC now owns 71,559 shares of the entertainment giant’s stock worth $8,368,000 after purchasing an additional 432 shares in the last quarter. Carret Asset Management LLC lifted its stake in Walt Disney by 0.5% during the second quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock worth $9,589,000 after purchasing an additional 450 shares in the last quarter. Beaton Management Co. Inc. lifted its stake in Walt Disney by 1.9% during the second quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock worth $2,551,000 after purchasing an additional 450 shares in the last quarter. Fairfield Bush & CO. lifted its stake in Walt Disney by 2.3% during the second quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock worth $2,069,000 after purchasing an additional 450 shares in the last quarter. Finally, Culbertson A N & Co. Inc. lifted its stake in Walt Disney by 1.8% during the third quarter. Culbertson A N & Co. Inc. now owns 25,490 shares of the entertainment giant’s stock worth $2,981,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 62.99% of the company’s stock.
A number of research analysts have commented on the company. Wolfe Research assumed coverage on Walt Disney in a research note on Friday. They set an “outperform” rating on the stock. Imperial Capital upgraded Walt Disney from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $113.00 to $129.00 in a research note on Tuesday, November 27th. B. Riley restated a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. Argus upped their price target on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Loop Capital upped their price target on Walt Disney to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $122.39.
Walt Disney stock 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 quick ratio of 0.86 and a current ratio of 0.94. The firm has a market cap of $168.03 billion, a PE ratio of 15.82, a P/E/G 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 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 business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. Analysts predict that Walt Disney Co will post 7.07 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be issued a $0.88 dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s dividend payout ratio is 23.73%.
In related news, EVP Brent Woodford sold 961 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $117.06, for a total value of $112,494.66. Following the transaction, the executive vice president now owns 25,737 shares of the company’s stock, valued at $3,012,773.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. Insiders sold 77,886 shares of company stock worth $9,284,819 in the last three months. 0.38% of the stock is currently owned by corporate insiders.
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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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