Cubic Asset Management LLC increased its holdings in shares of Walt Disney Co (NYSE:DIS) by 49.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,362 shares of the entertainment giant’s stock after acquiring an additional 14,657 shares during the quarter. Walt Disney comprises about 1.2% of Cubic Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Cubic Asset Management LLC’s holdings in Walt Disney were worth $4,373,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Spinnaker Trust boosted its position in Walt Disney by 282.4% during the 3rd quarter. Spinnaker Trust now owns 30,216 shares of the entertainment giant’s stock worth $2,977,000 after buying an additional 22,315 shares during the period. Pictet Asset Management Ltd. boosted its position in Walt Disney by 8.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,773,062 shares of the entertainment giant’s stock worth $174,771,000 after buying an additional 142,351 shares during the period. Fort Pitt Capital Group LLC boosted its position in Walt Disney by 16.8% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 6,442 shares of the entertainment giant’s stock worth $635,000 after buying an additional 927 shares during the period. Westchester Capital Management Inc. boosted its position in Walt Disney by 1.3% during the 3rd quarter. Westchester Capital Management Inc. now owns 75,799 shares of the entertainment giant’s stock worth $7,472,000 after buying an additional 941 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in Walt Disney by 12.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 15,245 shares of the entertainment giant’s stock worth $1,503,000 after buying an additional 1,725 shares during the period. 61.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walt Disney Co (NYSE:DIS) opened at $112.47 on Friday. The stock has a market capitalization of $167,293.23, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.98 and a beta of 1.38. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. During the same period last year, the company posted $1.10 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. equities analysts expect that Walt Disney Co will post 6.31 EPS for the current year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were issued a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.53%.
DIS has been the subject of several analyst reports. Wells Fargo & Co restated a “buy” rating and set a $116.00 price target on shares of Walt Disney in a report on Wednesday, September 20th. BTIG Research reiterated a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Citigroup reiterated a “neutral” rating on shares of Walt Disney in a research note on Thursday, September 28th. Rosenblatt Securities reiterated a “hold” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $116.07.
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About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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