Walt Disney Co (DIS) Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. grew its stake in shares of Walt Disney Co (NYSE:DIS) by 19.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,654 shares of the entertainment giant’s stock after purchasing an additional 3,075 shares during the quarter. Walt Disney makes up about 1.3% of New England Research & Management Inc.’s holdings, making the stock its 13th biggest position. New England Research & Management Inc.’s holdings in Walt Disney were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in shares of Walt Disney by 49.8% during the second quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock worth $19,192,000 after acquiring an additional 60,088 shares during the last quarter. Tdam USA Inc. grew its position in shares of Walt Disney by 4.1% during the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after acquiring an additional 7,785 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV grew its position in shares of Walt Disney by 7.9% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after acquiring an additional 1,800 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Walt Disney by 1.4% during the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Connecticut Wealth Management LLC grew its position in shares of Walt Disney by 1.4% during the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after acquiring an additional 42 shares during the last quarter. 61.51% of the stock is currently owned by institutional investors.

Shares of Walt Disney Co (NYSE DIS) opened at $108.67 on Tuesday. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $163,796.34, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.38.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same period last year, the business posted $1.10 EPS. Walt Disney’s revenue was down 2.8% compared to the same quarter last year. equities research 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 issued a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 29.53%.

A number of equities analysts have recently issued reports on DIS shares. Loop Capital restated a “hold” rating and set a $106.00 target price (down from $107.00) on shares of Walt Disney in a research report on Thursday, August 31st. Wells Fargo & Co upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $116.00 in a research report on Tuesday, September 5th. Guggenheim restated a “buy” rating and set a $122.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. UBS Group restated a “buy” rating and set a $126.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Finally, Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $103.55 target price on the stock in a research report on Thursday, September 7th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $113.20.

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

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