Walt Disney Co (DIS) Stake Decreased by Carnegie Capital Asset Management LLC
Carnegie Capital Asset Management LLC lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,710 shares of the entertainment giant’s stock after selling 9,748 shares during the quarter. Walt Disney makes up about 1.1% of Carnegie Capital Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Carnegie Capital Asset Management LLC’s holdings in Walt Disney were worth $8,997,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in Walt Disney in the second quarter worth $925,000. Lee Financial Co boosted its holdings in Walt Disney by 7.6% in 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 period. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney in the first quarter worth $144,000. BDO Wealth Advisors LLC acquired a new position in Walt Disney in the second quarter worth $153,000. Finally, Acrospire Investment Management LLC acquired a new position in Walt Disney in the second quarter worth $170,000. 61.51% of the stock is owned by institutional investors and hedge funds.
Shares of Walt Disney Co (NYSE DIS) opened at $104.23 on Friday. Walt Disney Co has a one year low of $96.20 and a one 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. The firm has a market cap of $157,403.20, a PE ratio of 18.28, a P/E/G ratio of 2.22 and a beta of 1.38.
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 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 the consensus estimate of $13.30 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Walt Disney’s revenue for the quarter was down 2.8% compared to the same quarter last year. research analysts predict that Walt Disney Co will post 6.24 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 paid a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is currently 27.42%.
A number of equities analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a report on Wednesday, November 1st. Rosenblatt Securities reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Walt Disney in a report on Monday, December 4th. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a report on Tuesday, August 15th. Loop Capital reaffirmed a “hold” rating and issued a $107.00 price objective (down previously from $108.00) on shares of Walt Disney in a report on Wednesday, August 16th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Walt Disney in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $112.34.
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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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