Massey Quick Simon & CO. LLC Reduces Holdings in Walt Disney Co (DIS)
Massey Quick Simon & CO. LLC lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,063 shares of the entertainment giant’s stock after selling 456 shares during the period. Massey Quick Simon & CO. LLC’s holdings in Walt Disney were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment Corp IL lifted its holdings in shares of Walt Disney by 17.9% in the 3rd quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock valued at $5,714,000 after acquiring an additional 7,430 shares during the last quarter. Brightworth lifted its holdings in shares of Walt Disney by 1.3% in the 3rd quarter. Brightworth now owns 54,415 shares of the entertainment giant’s stock valued at $6,363,000 after acquiring an additional 715 shares during the last quarter. First American Bank bought a new position in shares of Walt Disney in the 3rd quarter valued at about $10,901,000. Cambridge Trust Co. lifted its holdings in shares of Walt Disney by 3.2% in the 3rd quarter. Cambridge Trust Co. now owns 36,480 shares of the entertainment giant’s stock valued at $4,266,000 after acquiring an additional 1,141 shares during the last quarter. Finally, HRT Financial LLC bought a new position in shares of Walt Disney in the 2nd quarter valued at about $565,000. 62.99% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on DIS. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Imperial Capital raised shares of Walt Disney from an “in-line” rating to an “outperform” rating and increased their price target for the company from $113.00 to $129.00 in a report on Tuesday, November 27th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, August 24th. B. Riley reissued a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Finally, Argus increased their price objective on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $122.39.
Walt Disney stock opened at $114.33 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.94. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $120.20. The stock has a market capitalization of $168.03 billion, a P/E ratio of 16.15, a PEG ratio of 1.69 and a beta of 1.17.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. The business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Sell-side analysts expect that Walt Disney Co will post 7.07 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 10th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. This represents a dividend yield of 1.51%. Walt Disney’s dividend payout ratio (DPR) is 23.73%.
Walt Disney Company Profile
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.
Featured Article: Why do company’s buyback their stock?
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.