Douglass Winthrop Advisors LLC Raises Position in Walt Disney Co (DIS)
Douglass Winthrop Advisors LLC boosted its holdings in Walt Disney Co (NYSE:DIS) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 482,873 shares of the entertainment giant’s stock after acquiring an additional 14,254 shares during the period. Walt Disney accounts for about 2.3% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 11th largest position. Douglass Winthrop Advisors LLC’s holdings in Walt Disney were worth $50,610,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HC Financial Advisors Inc. bought a new position in shares of Walt Disney in the 4th quarter valued at $2,797,000. Destination Wealth Management increased its stake in shares of Walt Disney by 0.9% in the 4th quarter. Destination Wealth Management now owns 199,316 shares of the entertainment giant’s stock valued at $21,428,000 after purchasing an additional 1,686 shares during the last quarter. Norinchukin Bank The increased its stake in shares of Walt Disney by 16.6% in the 4th quarter. Norinchukin Bank The now owns 528,855 shares of the entertainment giant’s stock valued at $56,857,000 after purchasing an additional 75,296 shares during the last quarter. Smith Moore & CO. increased its stake in shares of Walt Disney by 5.2% in the 4th quarter. Smith Moore & CO. now owns 22,964 shares of the entertainment giant’s stock valued at $2,469,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Walt Disney by 3.2% in the 4th quarter. Baird Financial Group Inc. now owns 566,525 shares of the entertainment giant’s stock valued at $60,907,000 after purchasing an additional 17,768 shares during the last quarter. 63.36% of the stock is currently owned by hedge funds and other institutional investors.
DIS has been the topic of a number of research reports. Imperial Capital boosted their price objective on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. ValuEngine upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. BMO Capital Markets boosted their price objective on Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 8th. Finally, Pivotal Research lowered Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price objective on the stock. in a research report on Monday, June 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $118.92.
Shares of DIS opened at $111.93 on Friday. The stock has a market cap of $167.15 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.49 and a beta of 1.35. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $117.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same period in the previous year, the firm posted $1.58 earnings per share. equities research analysts forecast that Walt Disney Co will post 6.92 EPS for the current year.
The business also recently announced a semiannual dividend, which was paid on Thursday, July 26th. Shareholders of record on Monday, July 9th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, July 6th. This is an increase from Walt Disney’s previous semiannual dividend of $0.78. This represents a yield of 1.62%. Walt Disney’s payout ratio is presently 29.47%.
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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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