Dempze Nancy E Raises Stake in Walt Disney Co (NYSE:DIS)

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Dempze Nancy E grew its stake in Walt Disney Co (NYSE:DIS) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,791 shares of the entertainment giant’s stock after acquiring an additional 454 shares during the period. Walt Disney accounts for approximately 3.3% of Dempze Nancy E’s investment portfolio, making the stock its 8th biggest holding. Dempze Nancy E’s holdings in Walt Disney were worth $3,007,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DIS. Marshall Wace LLP boosted its stake in shares of Walt Disney by 571.8% in the 2nd quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock valued at $163,166,000 after purchasing an additional 994,529 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Walt Disney by 1,052.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 25,999 shares of the entertainment giant’s stock valued at $3,388,000 after purchasing an additional 23,744 shares in the last quarter. Adams Diversified Equity Fund Inc. boosted its stake in shares of Walt Disney by 103.6% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 140,100 shares of the entertainment giant’s stock valued at $18,258,000 after purchasing an additional 71,300 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $234,000. Finally, New York State Teachers Retirement System boosted its stake in shares of Walt Disney by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 2,620,674 shares of the entertainment giant’s stock valued at $341,526,000 after purchasing an additional 11,718 shares in the last quarter. Institutional investors and hedge funds own 64.07% of the company’s stock.

Walt Disney stock opened at $144.32 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90. Walt Disney Co has a 52-week low of $107.32 and a 52-week high of $153.41. The firm has a 50 day moving average price of $146.80 and a two-hundred day moving average price of $139.65. The firm has a market cap of $261.71 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 5.70 and a beta of 1.00.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.12. The firm had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company’s revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 EPS. As a group, equities research analysts predict that Walt Disney Co will post 5.35 EPS for the current fiscal year.

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.88 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, December 13th. Walt Disney’s dividend payout ratio (DPR) is 30.50%.

A number of research firms have recently weighed in on DIS. Argus raised their price target on shares of Walt Disney from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. ValuEngine downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Imperial Capital restated a “hold” rating and issued a $143.00 price target on shares of Walt Disney in a research note on Tuesday, December 10th. Finally, Deutsche Bank raised their price target on shares of Walt Disney from $132.00 to $139.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $154.31.

In related news, EVP Alan N. Braverman sold 1,113 shares of Walt Disney stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $146.32, for a total value of $162,854.16. Following the completion of the sale, the executive vice president now owns 102,789 shares of the company’s stock, valued at approximately $15,040,086.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of Walt Disney stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the completion of the sale, the chief financial officer now directly owns 135,756 shares of the company’s stock, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,837 shares of company stock valued at $2,759,138. Insiders own 0.36% of the company’s stock.

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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Read More: How is a buy-side analyst different from a sell-side analyst?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

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