Old Mutual Global Investors UK Ltd. Acquires Shares of 3,300 Walt Disney Co (DIS)
Old Mutual Global Investors UK Ltd. acquired a new stake in Walt Disney Co (NYSE:DIS) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 3,300 shares of the entertainment giant’s stock, valued at approximately $325,000.
A number of other institutional investors and hedge funds have also modified their holdings of DIS. Vanguard Group Inc. raised its position in shares of Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after acquiring an additional 2,131,932 shares during the last quarter. Northern Trust Corp raised its position in shares of Walt Disney by 2.5% during the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after acquiring an additional 500,349 shares during the last quarter. Legal & General Group Plc raised its position in shares of Walt Disney by 5.3% during the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock worth $837,761,000 after acquiring an additional 394,012 shares during the last quarter. Swiss National Bank raised its position in shares of Walt Disney by 7.8% during the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after acquiring an additional 420,200 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Walt Disney by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 5,672,744 shares of the entertainment giant’s stock worth $602,413,000 after acquiring an additional 371,811 shares during the last quarter. Hedge funds and other institutional investors own 61.51% of the company’s stock.
Walt Disney Co (DIS) opened at $111.62 on Monday. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $168,580.00, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38.
Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. equities research analysts predict that Walt Disney Co will post 6.23 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders 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 29.58%.
A number of equities research analysts have recently weighed in on the company. Vetr downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price for the company. in a research report on Wednesday, January 3rd. Royal Bank of Canada boosted their target price on Walt Disney to $135.00 and gave the stock a “top pick” rating in a research report on Wednesday, January 3rd. Rosenblatt Securities upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Finally, Piper Jaffray Companies set a $125.00 target price on Walt Disney and gave the stock a “buy” rating in a research report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Walt Disney presently has a consensus rating of “Hold” and an average price target of $114.91.
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Walt Disney 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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