Bank Pictet & Cie Asia Ltd. Sells 12,691 Shares of Walt Disney Company (The) (DIS)

Bank Pictet & Cie Asia Ltd. lowered its holdings in Walt Disney Company (The) (NYSE:DIS) by 21.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,549 shares of the entertainment giant’s stock after selling 12,691 shares during the quarter. Walt Disney makes up 2.4% of Bank Pictet & Cie Asia Ltd.’s portfolio, making the stock its 13th biggest position. Bank Pictet & Cie Asia Ltd.’s holdings in Walt Disney were worth $5,052,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Walt Disney by 0.7% in the 1st quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after purchasing an additional 456,053 shares in the last quarter. Legal & General Group Plc grew its position in shares of 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 worth $837,761,000 after buying an additional 394,012 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Walt Disney by 2.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock worth $864,386,000 after buying an additional 150,316 shares during the last quarter. Parnassus Investments CA grew its position in shares of Walt Disney by 0.4% in the 1st quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock worth $638,073,000 after buying an additional 20,641 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after buying an additional 420,200 shares during the last quarter. Institutional investors and hedge funds own 60.19% of the company’s stock.

A number of research analysts have recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Loop Capital reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Walt Disney in a research report on Thursday, August 10th. BMO Capital Markets reaffirmed an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney in a research report on Thursday, August 10th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $109.00 price objective on shares of Walt Disney in a research report on Thursday, August 10th. Finally, Goldman Sachs Group set a $133.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $112.04.

Shares of Walt Disney Company (NYSE DIS) opened at $105.25 on Friday. The firm has a market cap of $158,960.34, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. Walt Disney Company has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. equities analysts expect that Walt Disney Company will post 6.24 earnings per share for the current year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be issued a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 27.42%.

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

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