Meeder Asset Management Inc. lowered its stake in Walt Disney Co (NYSE:DIS) by 46.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,413 shares of the entertainment giant’s stock after selling 21,049 shares during the period. Meeder Asset Management Inc.’s holdings in Walt Disney were worth $2,406,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. raised its holdings in shares of Walt Disney by 27.5% during the first quarter. Cookson Peirce & Co. Inc. now owns 2,886 shares of the entertainment giant’s stock worth $327,000 after purchasing an additional 622 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Walt Disney by 12.8% during the first quarter. WASHINGTON TRUST Co now owns 82,718 shares of the entertainment giant’s stock worth $9,379,000 after purchasing an additional 9,412 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Walt Disney by 0.5% during the first quarter. Sequoia Financial Advisors LLC now owns 11,118 shares of the entertainment giant’s stock worth $1,261,000 after purchasing an additional 53 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in shares of Walt Disney by 1.3% during the first quarter. Adell Harriman & Carpenter Inc. now owns 56,059 shares of the entertainment giant’s stock worth $6,356,000 after purchasing an additional 700 shares during the last quarter. Finally, Parnassus Investments CA raised its holdings in shares of Walt Disney by 0.4% during the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock worth $638,073,000 after purchasing an additional 20,641 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.
Shares of Walt Disney Co (DIS) traded up $1.48 during midday trading on Friday, hitting $112.47. 5,899,861 shares of the stock traded hands, compared to its average volume of 9,620,000. Walt Disney Co has a 1-year low of $96.20 and a 1-year high of $116.10. The firm has a market capitalization of $169,860.00, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 14.59% and a return on equity of 16.71%. The company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same quarter last year, the business earned $1.10 EPS. The firm’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 6.23 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.58%.
Several research analysts recently issued reports on DIS shares. Jefferies Group reissued a “hold” rating and set a $103.00 target price (down previously from $110.00) on shares of Walt Disney in a report on Friday, October 6th. Pivotal Research raised their target price on shares of Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a report on Thursday, December 14th. BTIG Research reissued a “sell” rating on shares of Walt Disney in a report on Monday, September 25th. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $120.00 target price on shares of Walt Disney in a report on Wednesday, November 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $115.77.
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Walt Disney Company Profile
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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