Sheaff Brock Investment Advisors LLC Has $9.83 Million Position in Walt Disney Co (DIS)
Sheaff Brock Investment Advisors LLC boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,685 shares of the entertainment giant’s stock after purchasing an additional 7,196 shares during the quarter. Walt Disney makes up approximately 1.3% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 11th largest position. Sheaff Brock Investment Advisors LLC’s holdings in Walt Disney were worth $9,826,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in DIS. Vanguard Group Inc. raised its stake in Walt Disney by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Northern Trust Corp raised its stake in Walt Disney by 2.5% during the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after acquiring an additional 500,349 shares in the last quarter. Legal & General Group Plc raised its stake in Walt Disney by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after acquiring an additional 300,973 shares in the last quarter. Parnassus Investments CA raised its stake in Walt Disney by 19.3% during the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after acquiring an additional 1,123,949 shares in the last quarter. Finally, Swiss National Bank raised its stake in Walt Disney by 7.8% during the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after acquiring an additional 420,200 shares in the last quarter. Institutional investors and hedge funds own 61.58% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Barclays set a $105.00 price objective on Walt Disney and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Edward Jones downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Friday, December 15th. Finally, B. Riley reissued a “hold” rating and issued a $101.00 price objective (up previously from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and an average target price of $119.13.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. Walt Disney’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 earnings per share. research analysts anticipate that Walt Disney Co will post 6.55 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were given a dividend of $0.84 per share. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 23.83%.
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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.