Prudential Financial Inc. lessened its holdings in Walt Disney Co (NYSE:DIS) by 13.7% during the third quarter, Holdings Channel reports. The fund owned 2,147,608 shares of the entertainment giant’s stock after selling 341,639 shares during the quarter. Prudential Financial Inc.’s holdings in Walt Disney were worth $211,690,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of DIS. Amalgamated Bank increased its stake in Walt Disney by 49.8% in the 2nd quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock valued at $19,192,000 after buying an additional 60,088 shares during the last quarter. Tdam USA Inc. increased its stake in Walt Disney by 4.1% in the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after buying an additional 7,785 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV increased its stake in Walt Disney by 7.9% in the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock valued at $2,626,000 after buying an additional 1,800 shares during the last quarter. Connecticut Wealth Management LLC increased its stake in Walt Disney by 1.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock valued at $315,000 after buying an additional 42 shares during the last quarter. Finally, Riverpark Capital Management LLC increased its stake in Walt Disney by 15.2% in the 2nd quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock valued at $32,005,000 after buying an additional 39,822 shares during the last quarter. Institutional investors own 61.52% of the company’s stock.
Several equities research analysts have commented on the stock. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research note on Wednesday, November 1st. Bank of America reiterated a “buy” rating and issued a $144.00 price objective (up previously from $130.00) on shares of Walt Disney in a research note on Wednesday. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Rosenblatt Securities reiterated a “hold” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Thursday, September 28th. Finally, Vetr lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price objective for the company. in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $115.77.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. analysts predict that Walt Disney Co will post 6.23 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were issued a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 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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