Parnassus Investments CA Has $684.19 Million Position in Walt Disney Co (DIS)
Parnassus Investments CA increased its holdings in Walt Disney Co (NYSE:DIS) by 19.3% during the third quarter, HoldingsChannel.com reports. The firm owned 6,941,130 shares of the entertainment giant’s stock after acquiring an additional 1,123,949 shares during the quarter. Walt Disney accounts for 2.8% of Parnassus Investments CA’s investment portfolio, making the stock its 9th largest holding. Parnassus Investments CA’s holdings in Walt Disney were worth $684,187,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares during the period. Northern Trust Corp increased its position in shares of Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after acquiring an additional 500,349 shares during the period. Legal & General Group Plc increased its position in shares of Walt Disney by 5.3% in the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after acquiring an additional 394,012 shares during the period. Swiss National Bank increased 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 valued at $613,841,000 after buying an additional 420,200 shares during the period. Finally, Ameriprise Financial Inc. increased 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 valued at $602,413,000 after buying an additional 371,811 shares during the period. Hedge funds and other institutional investors own 61.52% of the company’s stock.
Several brokerages recently issued reports on DIS. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, November 10th. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Vetr cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price target on the stock. in a research report on Monday, November 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Walt Disney in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $114.91.
Walt Disney Co (NYSE:DIS) opened at $110.02 on Tuesday. The stock has a market cap of $166,160.00, a P/E ratio of 19.37, a PEG ratio of 2.38 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. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 14.59% and a return on equity of 16.71%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. research analysts forecast that Walt Disney Co will post 6.23 EPS for the current year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.58%.
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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