Carret Asset Management LLC Has $9.73 Million Position in Walt Disney Co (DIS)
Carret Asset Management LLC boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,585 shares of the entertainment giant’s stock after acquiring an additional 3,277 shares during the quarter. Walt Disney accounts for about 1.6% of Carret Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Carret Asset Management LLC’s holdings in Walt Disney were worth $9,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Lee Financial Co raised its position in Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after purchasing an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney during the 1st quarter valued at approximately $144,000. BDO Wealth Advisors LLC bought a new position in Walt Disney during the 2nd quarter valued at approximately $153,000. Acrospire Investment Management LLC bought a new position in Walt Disney during the 2nd quarter valued at approximately $170,000. Finally, Almanack Investment Partners LLC. bought a new position in Walt Disney during the 2nd quarter valued at approximately $198,000. Institutional investors own 61.51% of the company’s stock.
Shares of Walt Disney Co (NYSE:DIS) opened at $107.46 on Tuesday. 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 capitalization of $157,403.20, a P/E ratio of 18.28, a P/E/G ratio of 2.22 and a beta of 1.38. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. analysts forecast that Walt Disney Co will post 6.24 earnings per share for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is currently 29.53%.
A number of research analysts have commented on DIS shares. Bank of America reaffirmed a “buy” rating and set a $120.00 price target (down previously from $125.00) on shares of Walt Disney in a research report on Friday, September 8th. FBR & Co reaffirmed a “hold” rating and set a $97.00 price target on shares of Walt Disney in a research report on Friday, September 8th. Goldman Sachs Group upped their price target on Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Guggenheim reaffirmed a “buy” rating and set a $122.00 price target on shares of Walt Disney in a research report on Tuesday, September 5th. Finally, UBS reissued a “buy” rating and issued a $126.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $112.44.
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About Walt Disney
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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