Rathbone Brothers plc trimmed its holdings in Walt Disney Co (NYSE:DIS) by 15.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,762 shares of the entertainment giant’s stock after selling 39,774 shares during the quarter. Rathbone Brothers plc’s holdings in Walt Disney were worth $20,972,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Lee Financial Co boosted its position in shares of Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after acquiring an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $144,000. Krilogy Financial LLC boosted its position in shares of Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after acquiring an additional 166 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Walt Disney by 34.3% during the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock valued at $152,000 after acquiring an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $153,000. Institutional investors and hedge funds own 61.39% of the company’s stock.
A number of research analysts have recently commented on DIS shares. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Jefferies Group reiterated a “hold” rating and set a $103.00 target price (down from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. Pivotal Research increased their price target on Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a report on Thursday, December 14th. BTIG Research restated a “sell” rating on shares of Walt Disney in a report on Monday, September 25th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $113.20.
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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.30 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. sell-side analysts expect that Walt Disney Co will post 6.23 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s 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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