Walt Disney Co (DIS) Position Reduced by Cim LLC

Cim LLC lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,089 shares of the entertainment giant’s stock after selling 10,328 shares during the period. Walt Disney comprises 3.7% of Cim LLC’s portfolio, making the stock its 8th largest holding. Cim LLC’s holdings in Walt Disney were worth $10,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in Walt Disney during the third quarter worth about $107,000. CSat Investment Advisory L.P. purchased a new stake in Walt Disney during the second quarter worth about $112,000. Live Your Vision LLC boosted its holdings in Walt Disney by 91.6% during the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after buying an additional 500 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in Walt Disney during the second quarter worth about $121,000. Finally, Fort L.P. purchased a new stake in Walt Disney during the second quarter worth about $121,000. 62.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE DIS 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 stock has a market capitalization of $168.03 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts predict that Walt Disney Co will post 7.07 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 10th will be issued a $0.88 dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, December 7th. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s dividend payout ratio is 23.73%.

A number of research firms recently commented on DIS. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Wolfe Research began coverage on shares of Walt Disney in a report on Friday. They set an “outperform” rating on the stock. Imperial Capital raised shares of Walt Disney from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Finally, B. Riley reissued a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $122.39.

In other 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 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 $3,445,190.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 961 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.06, for a total transaction of $112,494.66. Following the completion of the transaction, the executive vice president now directly 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 77,886 shares of company stock worth $9,284,819 in the last ninety days. Insiders own 0.38% of the company’s stock.

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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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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