Bath Savings Trust Co boosted its stake in Walt Disney Co (NYSE:DIS) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,922 shares of the entertainment giant’s stock after buying an additional 2,540 shares during the quarter. Walt Disney makes up about 2.0% of Bath Savings Trust Co’s investment portfolio, making the stock its 18th largest position. Bath Savings Trust Co’s holdings in Walt Disney were worth $7,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Tdam USA Inc. boosted its stake in Walt Disney by 4.1% in the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after purchasing an additional 7,785 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Walt Disney by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after purchasing an additional 573,000 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV boosted its stake in Walt Disney by 7.9% in the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after purchasing an additional 1,800 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Walt Disney by 1.4% in the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after purchasing an additional 2,351 shares in the last quarter. Finally, Connecticut Wealth Management LLC boosted its stake in Walt Disney by 1.4% in the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after purchasing an additional 42 shares in the last quarter. 61.51% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on DIS shares. Guggenheim reissued a “buy” rating and issued a $122.00 price objective on shares of Walt Disney in a research note on Tuesday, September 5th. Jefferies Group restated a “hold” rating and set a $103.00 target price (down previously from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. Pivotal Research boosted their target price on Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research report on Thursday. BTIG Research restated a “sell” rating on shares of Walt Disney in a research report on Monday, September 25th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.44.
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 analysts’ consensus estimates of $1.12 by ($0.05). The company had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. equities analysts expect that Walt Disney Co will post 6.23 EPS for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be issued a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio 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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