Walt Disney Co (DIS) Holdings Boosted by Frontier Investment Mgmt Co.
Frontier Investment Mgmt Co. grew its holdings in Walt Disney Co (NYSE:DIS) by 18.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,818 shares of the entertainment giant’s stock after buying an additional 902 shares during the period. Frontier Investment Mgmt Co.’s holdings in Walt Disney were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Lee Financial Co increased its position in Walt Disney by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Walt Disney during the first quarter worth about $144,000. Krilogy Financial LLC increased its position in Walt Disney by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after purchasing an additional 166 shares during the last quarter. IHT Wealth Management LLC increased its position in Walt Disney by 34.3% during the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after purchasing an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in Walt Disney during the second quarter worth about $153,000. Institutional investors and hedge funds own 61.51% of the company’s stock.
Shares of Walt Disney Co (NYSE DIS) opened at $111.27 on Friday. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10. The firm has a market cap of $168,052.41, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share 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 company had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. Walt Disney’s revenue was down 2.8% on a year-over-year basis. equities research analysts anticipate that Walt Disney Co will post 6.23 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders 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 29.53%.
Several equities research analysts recently issued reports on DIS shares. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Wells Fargo & Company restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Friday. Edward Jones cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Vetr upgraded shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price objective for the company in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $113.44.
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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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