YHB Investment Advisors Inc. Cuts Stake in Walt Disney Co (DIS)
YHB Investment Advisors Inc. lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 9.4% in the third quarter, Holdings Channel reports. The institutional investor owned 80,292 shares of the entertainment giant’s stock after selling 8,352 shares during the quarter. Walt Disney comprises about 1.4% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. YHB Investment Advisors Inc.’s holdings in Walt Disney were worth $7,914,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. 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 acquiring an additional 74 shares during the period. Legacy Advisors LLC bought a new position in Walt Disney during the third quarter worth about $137,000. 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 acquiring an additional 166 shares during the period. 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 acquiring an additional 3,923 shares during the period. Finally, BDO Wealth Advisors LLC bought a new position in Walt Disney during the second quarter worth about $153,000. Institutional investors own 61.55% of the company’s stock.
Walt Disney Co (DIS) opened at $111.97 on Thursday. 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 Co has a 1-year low of $96.20 and a 1-year high of $116.10. The company has a market cap of $169,110.00, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38.
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 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 quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. equities research analysts predict that Walt Disney Co will post 6.31 earnings per share for the current year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were paid a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s payout ratio is currently 29.58%.
A number of equities analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Bank of America reaffirmed a “buy” rating and set a $144.00 price target (up from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Rosenblatt Securities reaffirmed a “hold” rating and set a $110.00 price target on shares of Walt Disney in a research report on Thursday, September 28th. Citigroup reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Walt Disney has a consensus rating of “Hold” and an average price target of $116.15.
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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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