Carret Asset Management LLC trimmed its holdings in shares of Walt Disney Co (NYSE:DIS) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,816 shares of the entertainment giant’s stock after selling 2,677 shares during the quarter. Walt Disney makes up approximately 1.6% of Carret Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Carret Asset Management LLC’s holdings in Walt Disney were worth $10,386,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in Walt Disney in the 3rd quarter valued at $107,000. CSat Investment Advisory L.P. purchased a new stake in Walt Disney in the 2nd quarter valued at $112,000. Fort L.P. purchased a new stake in Walt Disney in the 2nd quarter valued at $121,000. Lenox Wealth Advisors LLC grew its holdings 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 valued at $133,000 after buying an additional 1,009 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Walt Disney in the 2nd quarter valued at $140,000. 62.85% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Brent Woodford sold 721 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $101.13, for a total transaction of $72,914.73. Following the completion of the transaction, the executive vice president now directly owns 26,910 shares in the company, valued at approximately $2,721,408.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 60,339 shares of company stock valued at $7,112,707 over the last 90 days. 0.38% of the stock is currently owned by company insiders.
Several analysts have issued reports on DIS shares. Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a report on Monday, December 31st. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Pivotal Research restated a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a report on Sunday, September 23rd. Loop Capital upped their target price on Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $104.00 to $130.00 in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $122.37.
NYSE DIS opened at $112.65 on Friday. The firm has a market cap of $167.73 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $120.20.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.17. The business had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. As a group, equities analysts expect that Walt Disney Co will post 7.05 earnings per share for the current year.
The company also recently announced a semiannual dividend, which was paid on Thursday, January 10th. Investors of record on Monday, December 10th were issued a dividend of $0.88 per share. This represents a yield of 1.51%. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date was Friday, December 7th. Walt Disney’s dividend payout ratio (DPR) is 24.86%.
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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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