Newman Dignan & Sheerar Inc. lowered its stake in Walt Disney Co (NYSE:DIS) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,044 shares of the entertainment giant’s stock after selling 245 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Walt Disney were worth $2,465,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. JJJ Advisors Inc. raised its holdings in Walt Disney by 96.8% in the 3rd quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth $36,000. Advocacy Wealth Management Services LLC boosted its holdings in shares of Walt Disney by 52.8% during the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 132 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Walt Disney by 24.9% during the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after purchasing an additional 77 shares during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Walt Disney in the third quarter valued at $60,000. 64.07% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on DIS. Loop Capital upped their target price on Walt Disney from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reissued a “buy” rating and issued a $155.00 price target on shares of Walt Disney in a research note on Monday, November 11th. Imperial Capital restated a “hold” rating and issued a $143.00 price target on shares of Walt Disney in a report on Tuesday, December 10th. ValuEngine downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $175.00 price objective on shares of Walt Disney in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.31.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The firm had revenue of $19.10 billion for 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%. Walt Disney’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. Analysts predict that Walt Disney Co will post 5.35 earnings per share for the current year.
The firm 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 $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, December 13th. Walt Disney’s payout ratio is currently 30.50%.
In other news, EVP Alan N. Braverman sold 1,113 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was 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 $15,040,086.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Christine M. Mccarthy sold 4,617 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value 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. Insiders sold 18,837 shares of company stock valued at $2,759,138 in the last three months. Company 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.
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