Wagner Bowman Management Corp cut its position in Walt Disney Co (NYSE:DIS) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,277 shares of the entertainment giant’s stock after selling 1,018 shares during the period. Walt Disney accounts for about 1.2% of Wagner Bowman Management Corp’s investment portfolio, making the stock its 17th biggest position. Wagner Bowman Management Corp’s holdings in Walt Disney were worth $4,943,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Phocas Financial Corp. lifted its position in shares of 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 worth $703,000 after purchasing an additional 67,048,101 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $652,841,000 after purchasing an additional 1,129,743 shares in the last quarter. Ruffer LLP lifted its position in shares of Walt Disney by 39.1% during the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock worth $417,261,000 after purchasing an additional 1,117,959 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of 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 worth $9,705,000 after purchasing an additional 1,013,007 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Walt Disney by 112.1% during the second quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock worth $174,562,000 after purchasing an additional 880,100 shares in the last quarter. Hedge funds and other institutional investors own 62.99% of the company’s stock.
In related news, EVP Mary Jayne Parker sold 29,192 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the sale, the executive vice president now directly owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert A. Iger sold 47,733 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,886 shares of company stock valued at $9,284,819. 0.38% of the stock is currently owned by insiders.
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. The company has a market cap of $170.20 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. Walt Disney’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, equities research analysts anticipate that Walt Disney Co will post 7.04 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be paid a dividend of $0.88 per share. This represents a dividend yield of 1.51%. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date of this dividend is Friday, December 7th. Walt Disney’s payout ratio is 23.73%.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Wolfe Research assumed coverage on shares of Walt Disney in a research report on Friday. They set an “outperform” rating on the stock. Imperial Capital upgraded shares of Walt Disney from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $113.00 to $129.00 in a research report on Tuesday, November 27th. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Finally, B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Walt Disney has a consensus rating of “Buy” and an average price target of $122.39.
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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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