Alethea Capital Management LLC Cuts Position in Walt Disney Co (DIS)

Alethea Capital Management LLC cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 51.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,726 shares of the entertainment giant’s stock after selling 3,900 shares during the period. Alethea Capital Management LLC’s holdings in Walt Disney were worth $367,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Tortoise Investment Management LLC lifted 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 in the last quarter. Burt Wealth Advisors increased its stake in shares of 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 purchasing an additional 15 shares during the last quarter. Sonata Capital Group Inc. increased 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 last quarter. Leisure Capital Management increased 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 last quarter. Finally, First Capital Advisors Group LLC. increased 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 last quarter. 61.52% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on DIS shares. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Edward Jones lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Friday, December 15th. Vetr upgraded shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price objective on the stock in a research note on Wednesday, October 11th. Finally, Barclays lowered their price objective on shares of Walt Disney from $98.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Friday, October 13th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Walt Disney currently has an average rating of “Hold” and a consensus target price of $116.07.

Walt Disney Co (NYSE DIS) opened at $112.47 on Friday. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a market cap of $169,860.00, a PE ratio of 19.80, a P/E/G ratio of 2.38 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 announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. equities analysts forecast that Walt Disney Co will post 6.23 earnings per share for the current year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were given a dividend of $0.84 per share. The ex-dividend date was Friday, December 8th. Walt Disney’s payout ratio is presently 29.58%.

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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.

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

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