California Capital Advisors Inc. Acquires 2,945 Shares of Walt Disney Co (DIS)

California Capital Advisors Inc. boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 27.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,680 shares of the entertainment giant’s stock after buying an additional 2,945 shares during the quarter. Walt Disney accounts for about 1.7% of California Capital Advisors Inc.’s portfolio, making the stock its 21st largest holding. California Capital Advisors Inc.’s holdings in Walt Disney were worth $1,348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tortoise Investment Management LLC raised its position in Walt Disney by 0.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock worth $241,000 after buying an additional 14 shares during the last quarter. Burt Wealth Advisors raised its position in Walt Disney by 0.5% during the 2nd quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock worth $338,000 after buying an additional 15 shares during the last quarter. Sonata Capital Group Inc. grew its stake in shares of Walt Disney by 0.7% during the 2nd quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock worth $290,000 after purchasing an additional 20 shares during the period. Leisure Capital Management grew its stake in shares of Walt Disney by 0.5% during the 2nd quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock worth $473,000 after purchasing an additional 20 shares during the period. Finally, First Capital Advisors Group LLC. grew its stake in shares of Walt Disney by 0.4% during the 2nd quarter. First Capital Advisors Group LLC. now owns 6,515 shares of the entertainment giant’s stock worth $692,000 after purchasing an additional 24 shares during the period. 61.51% of the stock is owned by institutional investors.

Shares of Walt Disney Co (NYSE:DIS) opened at $108.12 on Wednesday. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10. The stock has a market cap of $163,796.34, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.31 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (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 company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same period in the prior year, the business posted $1.10 EPS. Walt Disney’s revenue was down 2.8% compared to the same quarter last year. equities analysts expect that Walt Disney Co will post 6.23 earnings per share for the current fiscal 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 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 presently 29.53%.

A number of equities research analysts have recently commented on DIS shares. Bank of America reaffirmed a “buy” rating and set a $120.00 price objective (down previously from $125.00) on shares of Walt Disney in a research note on Friday, September 8th. FBR & Co reaffirmed a “hold” rating and set a $97.00 price objective on shares of Walt Disney in a research note on Friday, September 8th. Goldman Sachs Group raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Guggenheim reaffirmed a “buy” rating and set a $122.00 price objective on shares of Walt Disney in a research note on Tuesday, September 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $126.00 price objective on shares of Walt Disney in a research note on Tuesday, September 5th. Four research 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. Walt Disney currently has an average rating of “Hold” and an average price target of $113.20.

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About Walt Disney

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.

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

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