Sippican Capital Advisors Raises Stake in Walt Disney Co (DIS)
Sippican Capital Advisors lifted its position in shares of Walt Disney Co (NYSE:DIS) by 11.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,244 shares of the entertainment giant’s stock after purchasing an additional 979 shares during the quarter. Sippican Capital Advisors’ holdings in Walt Disney were worth $911,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Macguire Cheswick & Tuttle Investment Counsel LLC grew its holdings in Walt Disney by 1.5% during the third quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 42,425 shares of the entertainment giant’s stock worth $4,182,000 after buying an additional 635 shares in the last quarter. Heritage Investors Management Corp grew its holdings in Walt Disney by 4.3% during the third quarter. Heritage Investors Management Corp now owns 238,573 shares of the entertainment giant’s stock worth $23,516,000 after buying an additional 9,880 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Walt Disney by 4.7% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 559,466 shares of the entertainment giant’s stock worth $55,147,000 after buying an additional 25,217 shares in the last quarter. Parametrica Management Ltd bought a new stake in Walt Disney during the third quarter worth $543,000. Finally, Victory Capital Management Inc. grew its holdings in Walt Disney by 1.7% during the third quarter. Victory Capital Management Inc. now owns 52,788 shares of the entertainment giant’s stock worth $5,203,000 after buying an additional 881 shares in the last quarter. 61.51% of the stock is currently owned by institutional investors.
Walt Disney Co (NYSE:DIS) opened at $111.80 on Wednesday. The stock has a market capitalization of $162,047.91, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. equities research analysts expect that Walt Disney Co will post 6.23 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is 29.53%.
Several brokerages recently issued reports on DIS. Vetr downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price target for the company. in a report on Wednesday. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Piper Jaffray Companies set a $125.00 price target on Walt Disney and gave the stock a “buy” rating in a report on Friday, December 15th. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Friday, December 15th. Finally, Edward Jones downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $114.07.
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About Walt Disney
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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