Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Walt Disney Co (NYSE:DIS) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,998 shares of the entertainment giant’s stock after acquiring an additional 29,541 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Walt Disney were worth $11,237,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in DIS. Vantage Financial Partners Ltd. Inc. acquired a new position in Walt Disney in the second quarter valued at approximately $925,000. Lee Financial Co lifted its stake in Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney in the first quarter valued at approximately $144,000. Krilogy Financial LLC lifted its stake in Walt Disney by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new position in Walt Disney in the second quarter valued at approximately $153,000. Institutional investors and hedge funds own 61.51% of the company’s stock.
A number of brokerages have recently weighed in on DIS. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Rosenblatt Securities reaffirmed a “hold” rating and set a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 28th. Citigroup reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Thursday, September 28th. Sanford C. Bernstein set a $100.00 target price on Walt Disney and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Jefferies Group reaffirmed 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. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $113.20.
Walt Disney (NYSE:DIS) last released its quarterly 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). The company had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. equities analysts anticipate that Walt Disney Co will post 6.23 earnings per share for the current fiscal year.
The firm also recently disclosed 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 of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 29.53%.
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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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