Walt Disney Co (DIS) Shares Bought by Bank of Nova Scotia Trust Co.
Bank of Nova Scotia Trust Co. boosted its position in Walt Disney Co (NYSE:DIS) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,981 shares of the entertainment giant’s stock after purchasing an additional 8,179 shares during the period. Walt Disney comprises 0.9% of Bank of Nova Scotia Trust Co.’s investment portfolio, making the stock its 24th biggest position. Bank of Nova Scotia Trust Co.’s holdings in Walt Disney were worth $8,179,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lee Financial Co grew its holdings in Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Walt Disney during the 1st quarter valued at $144,000. BDO Wealth Advisors LLC acquired a new stake in Walt Disney during the 2nd quarter valued at $153,000. Acrospire Investment Management LLC acquired a new stake in Walt Disney during the 2nd quarter valued at $170,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Walt Disney during the 2nd quarter valued at $198,000. 61.51% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Co (DIS) opened at $106.08 on Monday. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. The firm has a market capitalization of $157,403.20, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm 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 EPS. Walt Disney’s revenue was down 2.8% compared to the same quarter last year. equities analysts forecast that Walt Disney Co will post 6.24 EPS for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be given a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 27.42%.
A number of equities research analysts have commented on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Piper Jaffray Companies set a $130.00 target price on Walt Disney and gave the company a “buy” rating in a report on Tuesday, August 22nd. Vetr upgraded Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 target price on the stock in a report on Wednesday, October 11th. Barclays decreased their price objective on Walt Disney from $98.00 to $94.00 and set an “equal weight” rating on the stock in a report on Friday, October 13th. Finally, B. Riley restated a “hold” rating and set a $101.00 price objective (up previously from $97.00) on shares of Walt Disney in a report on Friday, November 10th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. Walt Disney presently has an average rating of “Hold” and a consensus price target of $112.34.
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).
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.