State of Wisconsin Investment Board boosted its holdings in Walt Disney Co (NYSE:DIS) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,896,948 shares of the entertainment giant’s stock after purchasing an additional 78,726 shares during the quarter. State of Wisconsin Investment Board owned about 0.12% of Walt Disney worth $186,982,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in DIS. Vanguard Group Inc. increased its stake in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the period. Northern Trust Corp increased its stake in Walt Disney by 2.5% in the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after buying an additional 500,349 shares during the period. Legal & General Group Plc increased its stake in Walt Disney by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after buying an additional 394,012 shares during the period. Swiss National Bank increased its stake in Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after buying an additional 420,200 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Walt Disney by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,672,744 shares of the entertainment giant’s stock valued at $602,413,000 after buying an additional 371,811 shares during the period. Hedge funds and other institutional investors own 61.55% of the company’s stock.
DIS has been the topic of several recent research reports. Jefferies Group reissued a “hold” rating and issued a $103.00 price objective (down from $110.00) on shares of Walt Disney in a research note on Friday, October 6th. Pivotal Research boosted their price objective on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a research note on Thursday, December 14th. BTIG Research reissued a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Morgan Stanley dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a research note on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Walt Disney currently has a consensus rating of “Hold” and a consensus target price of $116.07.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS 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%. Walt Disney’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. equities analysts anticipate that Walt Disney Co will post 6.31 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were paid a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s payout ratio is 29.58%.
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Walt Disney 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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