Teacher Retirement System of Texas decreased its position in shares of Walt Disney Co (NYSE:DIS) by 4.6% during the third quarter, Holdings Channel reports. The institutional investor owned 848,163 shares of the entertainment giant’s stock after selling 40,845 shares during the period. Teacher Retirement System of Texas’ holdings in Walt Disney were worth $83,603,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Lee Financial Co boosted its holdings in Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Walt Disney in the third quarter worth approximately $137,000. Krilogy Financial LLC boosted its holdings in Walt Disney by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after purchasing an additional 166 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Walt Disney by 34.3% in the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after purchasing an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC purchased a new stake in Walt Disney in the second quarter worth approximately $153,000. Hedge funds and other institutional investors own 61.55% of the company’s stock.
Several equities research analysts recently issued reports on DIS shares. Jefferies Group restated a “hold” rating and issued a $103.00 target price (down previously from $110.00) on shares of Walt Disney in a report on Friday, October 6th. Pivotal Research lifted their price target on shares of Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research note on Thursday, December 14th. BTIG Research reiterated a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Morgan Stanley dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $120.00 price target on shares of Walt Disney in a research note on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $116.15.
Walt Disney (NYSE:DIS) last announced 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 firm had revenue of $12.78 billion for 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 firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. analysts anticipate that Walt Disney Co will post 6.42 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders 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 29.58%.
Walt Disney 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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