Walt Disney Co (DIS) Stake Lowered by Miller Investment Management LP

Miller Investment Management LP decreased its position in Walt Disney Co (NYSE:DIS) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,523 shares of the entertainment giant’s stock after selling 50 shares during the quarter. Miller Investment Management LP’s holdings in Walt Disney were worth $374,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its position in Walt Disney by 8.5% during the second quarter. Schroder Investment Management Group now owns 1,966,819 shares of the entertainment giant’s stock worth $207,911,000 after acquiring an additional 153,429 shares during the period. Gareth Morgan Investments Limited Partnership bought a new position in Walt Disney during the second quarter worth $5,002,000. IFM Investors Pty Ltd increased its position in Walt Disney by 39.0% during the second quarter. IFM Investors Pty Ltd now owns 43,197 shares of the entertainment giant’s stock worth $4,590,000 after acquiring an additional 12,131 shares during the period. Bienville Capital Management LLC increased its position in Walt Disney by 3.4% during the second quarter. Bienville Capital Management LLC now owns 10,845 shares of the entertainment giant’s stock worth $1,152,000 after acquiring an additional 355 shares during the period. Finally, Dillon & Associates Inc. increased its position in Walt Disney by 6.9% during the second quarter. Dillon & Associates Inc. now owns 49,940 shares of the entertainment giant’s stock worth $5,294,000 after acquiring an additional 3,223 shares during the period. 61.51% of the stock is currently owned by institutional investors.

Shares of Walt Disney Co (NYSE DIS) traded down $1.76 during trading hours on Thursday, hitting $105.46. 8,121,600 shares of the stock traded hands, compared to its average volume of 7,259,450. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of $161,935.64, a P/E ratio of 18.81, a PEG ratio of 2.28 and a beta of 1.38.

Walt Disney (NYSE:DIS) last issued its earnings results 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). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. equities research analysts predict that Walt Disney Co will post 6.24 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is presently 27.42%.

A number of equities analysts recently issued reports on DIS shares. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Vetr upgraded shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price target on the stock in a research note on Wednesday, October 11th. Barclays decreased their price target 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. Finally, B. Riley reiterated a “hold” rating and set a $101.00 price target (up previously from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $112.34.

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

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