Bridgeworth LLC lowered its stake in Walt Disney Co (NYSE:DIS) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,961 shares of the entertainment giant’s stock after selling 485 shares during the period. Bridgeworth LLC’s holdings in Walt Disney were worth $579,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Phocas Financial Corp. raised its stake in shares of Walt Disney by 989,639.9% during the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares in the last quarter. FMR LLC raised its stake in shares of Walt Disney by 1.5% during the third quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock valued at $3,086,951,000 after acquiring an additional 382,573 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Walt Disney by 3.1% during the third quarter. Alliancebernstein L.P. now owns 6,915,288 shares of the entertainment giant’s stock valued at $808,674,000 after acquiring an additional 204,879 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Walt Disney by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after buying an additional 1,129,743 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Walt Disney by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock worth $625,324,000 after buying an additional 159,265 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.
A number of brokerages recently commented on DIS. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. B. Riley reissued a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. Argus boosted their price objective on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Pivotal Research reissued a “sell” rating and issued a $95.00 price objective on shares of Walt Disney in a research note on Sunday, September 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $122.37.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that Walt Disney Co will post 7.05 EPS for the current year.
The company also recently declared a semiannual dividend, which was paid on Thursday, January 10th. Shareholders of record on Monday, December 10th were issued a $0.88 dividend. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. This represents a yield of 1.51%. The ex-dividend date was Friday, December 7th. Walt Disney’s payout ratio is currently 24.86%.
In other news, EVP Alan N. Braverman sold 1,153 shares of the business’s stock in a transaction on Saturday, December 28th. The shares were sold at an average price of $107.70, for a total transaction of $124,178.10. Following the sale, the executive vice president now directly owns 106,390 shares of the company’s stock, valued at $11,458,203. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Iger sold 47,733 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Insiders sold 60,339 shares of company stock worth $7,112,707 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.
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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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