Walt Disney Co (DIS) Shares Sold by Kimelman & Baird LLC
Kimelman & Baird LLC reduced its position in Walt Disney Co (NYSE:DIS) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,259 shares of the entertainment giant’s stock after selling 520 shares during the quarter. Walt Disney comprises approximately 2.0% of Kimelman & Baird LLC’s portfolio, making the stock its 18th biggest position. Kimelman & Baird LLC’s holdings in Walt Disney were worth $13,202,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of DIS. Ariel Capital Advisors LLC lifted its holdings in shares of Walt Disney by 4.9% during the first quarter. Ariel Capital Advisors LLC now owns 28,046 shares of the entertainment giant’s stock worth $3,180,000 after purchasing an additional 1,298 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in shares of Walt Disney by 8.9% during the first quarter. Tocqueville Asset Management L.P. now owns 475,780 shares of the entertainment giant’s stock worth $53,949,000 after purchasing an additional 38,985 shares during the period. Canal Capital Management LLC lifted its holdings in shares of Walt Disney by 17.4% during the first quarter. Canal Capital Management LLC now owns 4,998 shares of the entertainment giant’s stock worth $567,000 after purchasing an additional 742 shares during the period. Cookson Peirce & Co. Inc. raised its position in Walt Disney by 27.5% in the first quarter. Cookson Peirce & Co. Inc. now owns 2,886 shares of the entertainment giant’s stock worth $327,000 after acquiring an additional 622 shares in the last quarter. Finally, Advisor Partners LLC raised its position in Walt Disney by 18.0% in the first quarter. Advisor Partners LLC now owns 26,083 shares of the entertainment giant’s stock worth $2,958,000 after acquiring an additional 3,985 shares in the last quarter. 61.51% of the stock is owned by institutional investors and hedge funds.
Walt Disney Co (NYSE DIS) traded up $2.96 during trading on Friday, reaching $110.57. The company had a trading volume of 27,571,300 shares, compared to its average volume of 7,369,209. The stock has a market cap of $162,524.66, a PE ratio of 18.88, a PEG ratio of 2.29 and a beta of 1.38. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The company had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. equities research analysts predict that Walt Disney Co will post 6.23 EPS for the current fiscal year.
The firm also recently declared 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 is Friday, December 8th. Walt Disney’s payout ratio is 29.53%.
Several research firms have issued reports on DIS. Piper Jaffray Companies increased their price objective on Walt Disney from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price objective on Walt Disney to $135.00 and gave the stock an “outperform” rating in a research report on Friday. Rosenblatt Securities reiterated a “hold” rating and issued a $115.00 price objective on shares of Walt Disney in a research report on Monday, December 4th. Pivotal Research increased their price objective on Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research report on Thursday. Finally, Loop Capital reiterated a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a research report on Monday. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Walt Disney has an average rating of “Hold” and a consensus target price of $113.44.
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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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