Russell Investments Group Ltd. Grows Stake in Walt Disney Co (DIS)

Russell Investments Group Ltd. grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,538,132 shares of the entertainment giant’s stock after purchasing an additional 177,536 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Walt Disney worth $179,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moody Aldrich Partners LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $71,061,000. Canton Hathaway LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at approximately $107,000. Live Your Vision LLC boosted its stake in Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares during the period. CSat Investment Advisory L.P. bought a new position in Walt Disney in the 2nd quarter worth approximately $112,000. Finally, Lenox Wealth Advisors LLC boosted its stake in Walt Disney by 807.2% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the entertainment giant’s stock worth $133,000 after purchasing an additional 1,009 shares during the period. 62.99% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total value of $3,444,364.08. Following the sale, the executive vice president now owns 29,199 shares in the company, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders have sold a total of 77,886 shares of company stock worth $9,284,819 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Several research firms have weighed in on DIS. Imperial Capital upped their price target on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research note on Wednesday, August 8th. BMO Capital Markets upped their price target on Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a research note on Wednesday, August 8th. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Finally, B. Riley restated a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $122.39.

NYSE DIS opened at $115.74 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The company has a market cap of $171.93 billion, a PE ratio of 16.35, a PEG ratio of 1.73 and a beta of 1.18. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.17. The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, sell-side analysts expect that Walt Disney Co will post 7.07 EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be issued a dividend of $0.88 per share. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s dividend payout ratio is presently 23.73%.

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About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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