Tocqueville Asset Management L.P. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 588,102 shares of the entertainment giant’s stock after selling 7,224 shares during the period. Walt Disney makes up approximately 0.9% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 14th largest position. Tocqueville Asset Management L.P.’s holdings in Walt Disney were worth $68,773,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Smith Asset Management Group LP increased its position in Walt Disney by 2.4% in the second quarter. Smith Asset Management Group LP now owns 89,430 shares of the entertainment giant’s stock worth $9,373,000 after purchasing an additional 2,110 shares during the period. NF Trinity Capital Hong Kong Ltd raised its stake in Walt Disney by 5.3% in the 2nd quarter. NF Trinity Capital Hong Kong Ltd now owns 416,930 shares of the entertainment giant’s stock valued at $43,698,000 after acquiring an additional 20,900 shares during the period. Girard Partners LTD. raised its stake in Walt Disney by 3.1% in the 2nd quarter. Girard Partners LTD. now owns 78,077 shares of the entertainment giant’s stock valued at $8,183,000 after acquiring an additional 2,375 shares during the period. Winthrop Advisory Group LLC raised its stake in Walt Disney by 30.0% in the 2nd quarter. Winthrop Advisory Group LLC now owns 7,586 shares of the entertainment giant’s stock valued at $795,000 after acquiring an additional 1,750 shares during the period. Finally, Guyasuta Investment Advisors Inc. grew its holdings in Walt Disney by 31.1% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,203 shares of the entertainment giant’s stock valued at $545,000 after buying an additional 1,234 shares in the last quarter. Institutional investors own 62.87% of the company’s stock.
Walt Disney stock traded down $0.76 during mid-day trading on Thursday, reaching $110.37. The stock had a trading volume of 759,710 shares, compared to its average volume of 6,991,672. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.94. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20. The stock has a market capitalization of $164.87 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The firm had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts forecast that Walt Disney Co will post 7.08 EPS for the current year.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, January 10th. Shareholders of record on Monday, December 10th were paid a $0.88 dividend. This represents a yield of 1.51%. The ex-dividend date was Friday, December 7th. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s dividend payout ratio (DPR) is 24.86%.
In other Walt Disney news, EVP Brent Woodford sold 294 shares of the firm’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $110.00, for a total value of $32,340.00. Following the completion of the sale, the executive vice president now owns 26,513 shares of the company’s stock, valued at $2,916,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. Insiders sold 60,381 shares of company stock valued at $7,117,444 in the last three months. Insiders own 0.36% of the company’s stock.
Several research firms have recently issued reports on DIS. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Credit Suisse Group reiterated a “hold” rating and issued a $114.00 target price on shares of Walt Disney in a research report on Tuesday. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. B. Riley restated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Finally, Argus raised their target price on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $122.37.
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Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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