Gareth Morgan Investments Limited Partnership acquired a new stake in Walt Disney Co (NYSE:DIS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,075 shares of the entertainment giant’s stock, valued at approximately $5,002,000.

Several other large investors have also recently bought and sold shares of the company. Tdam USA Inc. increased its position in Walt Disney by 4.1% during the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after purchasing an additional 7,785 shares during the last quarter. State Treasurer State of Michigan increased its position in Walt Disney by 73.3% during the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after purchasing an additional 573,000 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV increased its position in Walt Disney by 7.9% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after purchasing an additional 1,800 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Walt Disney by 1.4% during the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Connecticut Wealth Management LLC increased its position in Walt Disney by 1.4% during the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after purchasing an additional 42 shares during the last quarter. 61.51% of the stock is owned by institutional investors and hedge funds.

DIS has been the subject of several research analyst reports. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Goldman Sachs Group set a $133.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Vetr raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $107.66 price target for the company in a research report on Thursday, August 10th. Deutsche Bank reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, August 10th. Finally, Guggenheim reiterated a “buy” rating and set a $122.00 price objective on shares of Walt Disney in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. Walt Disney has a consensus rating of “Hold” and a consensus target price of $112.34.

Shares of Walt Disney Co (NYSE:DIS) traded down $1.76 during mid-day trading on Thursday, hitting $105.46. 8,121,600 shares of the stock traded hands, compared to its average volume of 7,259,450. The stock has a market capitalization of $161,935.64, a P/E ratio of 18.81, a PEG ratio of 2.28 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 Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. Walt Disney’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. research analysts forecast that Walt Disney Co will post 6.24 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders 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 (DPR) is presently 27.42%.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/12/07/gareth-morgan-investments-limited-partnership-takes-position-in-walt-disney-co-dis.html.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Co and related companies with MarketBeat.com's FREE daily email newsletter.