Autus Asset Management LLC lifted its holdings in Walt Disney Company (The) (NYSE:DIS) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,869 shares of the entertainment giant’s stock after purchasing an additional 1,472 shares during the period. Walt Disney comprises 1.5% of Autus Asset Management LLC’s holdings, making the stock its 21st biggest holding. Autus Asset Management LLC’s holdings in Walt Disney were worth $7,424,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lee Financial Co grew its stake in shares of Walt Disney by 7.6% in the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Walt Disney in the first quarter worth about $144,000. BDO Wealth Advisors LLC acquired a new position in shares of Walt Disney in the second quarter worth about $153,000. Allegis Investment Advisors LLC acquired a new position in shares of Walt Disney in the second quarter worth about $206,000. Finally, Atwood & Palmer Inc. boosted its holdings in shares of Walt Disney by 1.3% in the second quarter. Atwood & Palmer Inc. now owns 1,987 shares of the entertainment giant’s stock worth $211,000 after buying an additional 25 shares during the period. 61.51% of the stock is currently owned by institutional investors.
Several brokerages have commented on DIS. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Wednesday, November 1st. Loop Capital reiterated a “hold” rating and issued a $108.00 target price on shares of Walt Disney in a report on Thursday, August 10th. BMO Capital Markets reiterated an “underperform” rating and issued a $90.00 target price (down from $95.00) on shares of Walt Disney in a report on Thursday, August 10th. Wells Fargo & Company reiterated a “market perform” rating and issued a $109.00 target price on shares of Walt Disney in a report on Thursday, August 10th. Finally, Goldman Sachs Group set a $133.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $112.04.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. analysts expect that Walt Disney Company will post 6.24 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 27.42%.
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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