Walt Disney Co (DIS) Stake Lessened by Albert D Mason Inc.
Albert D Mason Inc. decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,551 shares of the entertainment giant’s stock after selling 489 shares during the period. Albert D Mason Inc.’s holdings in Walt Disney were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Phocas Financial Corp. lifted its holdings in Walt Disney by 989,639.9% in the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after purchasing an additional 67,048,101 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Walt Disney by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after acquiring an additional 1,129,743 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Walt Disney by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock worth $625,324,000 after acquiring an additional 159,265 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Walt Disney by 5.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock worth $521,882,000 after acquiring an additional 254,293 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Walt Disney by 2.6% during the 2nd quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock worth $521,055,000 after acquiring an additional 125,900 shares during the period. Hedge funds and other institutional investors own 62.99% of the company’s stock.
Several research analysts have recently commented on the company. Wolfe Research assumed coverage on Walt Disney in a report on Friday. They set an “outperform” rating on the stock. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Morgan Stanley lifted their price target on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Finally, Argus lifted their price target on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $122.39.
Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.17. The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. Walt Disney’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. On average, sell-side analysts forecast that Walt Disney Co will post 7.04 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 10th will be given a $0.88 dividend. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. Walt Disney’s payout ratio is currently 23.73%.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mary Jayne Parker sold 29,192 shares of Walt Disney stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the transaction, the executive vice president now directly owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,886 shares of company stock valued at $9,284,819. 0.38% of the stock is currently owned by corporate insiders.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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