Gamco Investors INC. ET AL trimmed its holdings in shares of Walt Disney Co (NYSE:DIS) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,625 shares of the entertainment giant’s stock after selling 15,895 shares during the period. Gamco Investors INC. ET AL’s holdings in Walt Disney were worth $8,243,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Parnassus Investments CA increased its stake in shares of Walt Disney by 19.3% in the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock worth $684,187,000 after buying an additional 1,123,949 shares during the last quarter. Capital Management Corp VA increased its stake in shares of Walt Disney by 4.0% in the third quarter. Capital Management Corp VA now owns 62,918 shares of the entertainment giant’s stock worth $6,202,000 after buying an additional 2,403 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Walt Disney by 4.3% in the third quarter. State of Wisconsin Investment Board now owns 1,896,948 shares of the entertainment giant’s stock worth $186,982,000 after buying an additional 78,726 shares during the last quarter. Legacy Advisors LLC bought a new stake in Walt Disney during the third quarter valued at $137,000. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in Walt Disney during the third quarter valued at $325,000. 61.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on DIS shares. Goldman Sachs Group boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 10th. Macquarie raised shares of Walt Disney from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $112.00 to $125.00 in a report on Tuesday, January 2nd. Loop Capital reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a report on Monday, December 11th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Pivotal Research upped their price objective 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. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $116.15.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. sell-side analysts predict that Walt Disney Co will post 6.31 EPS for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors 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 is 29.58%.
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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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