Walt Disney Co (DIS) Shares Sold by Sit Investment Associates Inc.
Sit Investment Associates Inc. reduced its stake in Walt Disney Co (NYSE:DIS) by 51.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,690 shares of the entertainment giant’s stock after selling 150,425 shares during the quarter. Sit Investment Associates Inc.’s holdings in Walt Disney were worth $14,262,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in DIS. Tdam USA Inc. raised its position in Walt Disney by 4.1% during the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after buying an additional 7,785 shares during the last quarter. State Treasurer State of Michigan raised its position in Walt Disney by 73.3% during the 1st quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after buying an additional 573,000 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV raised its position in Walt Disney by 7.9% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after buying an additional 1,800 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Walt Disney by 1.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after buying an additional 2,351 shares during the last quarter. Finally, Connecticut Wealth Management LLC raised its position in Walt Disney by 1.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after buying an additional 42 shares during the last quarter. 61.51% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. Piper Jaffray Companies set a $125.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Friday. Edward Jones lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Rosenblatt Securities reissued a “hold” rating and set a $115.00 price target on shares of Walt Disney in a research report on Monday, December 4th. Finally, Pivotal Research raised their price target on shares of Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and a consensus target price of $113.44.
Shares of Walt Disney Co (DIS) opened at $111.27 on Monday. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10. The stock has a market cap of $168,052.41, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.37 and a beta of 1.38. 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 released its quarterly 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 company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same period in the prior year, the business posted $1.10 EPS. Walt Disney’s revenue was down 2.8% compared to the same quarter last year. equities analysts expect that Walt Disney Co will post 6.23 earnings per share for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is currently 29.53%.
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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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