Farmers & Merchants Investments Inc. lifted its stake in shares of Walt Disney Co (NYSE:DIS) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,577 shares of the entertainment giant’s stock after acquiring an additional 7,055 shares during the quarter. Walt Disney accounts for about 0.9% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 26th largest position. Farmers & Merchants Investments Inc.’s holdings in Walt Disney were worth $11,688,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Walt Disney by 2.2% in the second 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 last quarter. Northern Trust Corp increased its holdings in Walt Disney by 2.5% in the second 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 last quarter. Legal & General Group Plc increased its holdings in Walt Disney by 5.3% in the second 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 last quarter. Parnassus Investments CA increased its holdings in Walt Disney by 0.4% in the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock valued at $638,073,000 after buying an additional 20,641 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Walt Disney by 7.8% in the second 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 last quarter. 61.39% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. Sanford C. Bernstein set a $100.00 target price on Walt Disney and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday. Edward Jones lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Wells Fargo & Company reissued a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Friday, December 15th. Finally, Piper Jaffray Companies set a $125.00 target price on Walt Disney and gave the company a “buy” rating in a report on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $113.20.
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 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 business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter last year, the company posted $1.10 EPS. Walt Disney’s quarterly revenue was down 2.8% on a year-over-year basis. research analysts expect that Walt Disney Co will post 6.23 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.53%.
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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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