Mayo Investment Advisers LLC Trims Position in Walt Disney Co (DIS)
Mayo Investment Advisers LLC decreased its position in shares of Walt Disney Co (NYSE:DIS) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,525 shares of the entertainment giant’s stock after selling 850 shares during the period. Mayo Investment Advisers LLC’s holdings in Walt Disney were worth $643,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lee Financial Co lifted its position in shares of 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 buying an additional 74 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter worth about $137,000. Krilogy Financial LLC lifted its position in shares of 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 buying an additional 166 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of 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 buying an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the second quarter worth about $153,000. 61.52% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Co (NYSE DIS) opened at $109.47 on Thursday. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of $165,330.00, a PE ratio of 19.27, a P/E/G ratio of 2.38 and a beta of 1.38.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 14.59% and a return on equity of 16.71%. The firm had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. equities analysts anticipate that Walt Disney Co will post 6.23 EPS for the current fiscal year.
The company 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 dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is 29.58%.
A number of brokerages have weighed in on DIS. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Bank of America reaffirmed a “buy” rating and issued a $144.00 price target (up previously from $130.00) on shares of Walt Disney in a research report on Wednesday. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Rosenblatt Securities reaffirmed a “hold” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Thursday, September 28th. Finally, Vetr lowered Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price objective on the stock. in a research note on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Walt Disney presently has an average rating of “Hold” and an average target price of $115.77.
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Walt Disney Company 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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