Public Employees Retirement Association of Colorado cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 73.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,252 shares of the entertainment giant’s stock after selling 783,372 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Walt Disney were worth $27,427,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Walt Disney in the second quarter worth approximately $925,000. Lee Financial Co lifted its position in Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Walt Disney in the first quarter worth approximately $144,000. Krilogy Financial LLC lifted its position in Walt Disney by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after purchasing an additional 166 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new stake in Walt Disney in the second quarter worth approximately $153,000. Institutional investors and hedge funds own 61.52% of the company’s stock.
Walt Disney Co (NYSE DIS) traded up $0.34 during trading on Thursday, reaching $109.81. 1,701,778 shares of the company’s stock traded hands, compared to its average volume of 9,690,000. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $165,980.00, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. Walt Disney Co has a 52-week low of $96.20 and a 52-week high of $116.10.
Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. equities research analysts forecast that Walt Disney Co will post 6.23 EPS for the current year.
The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.58%.
DIS has been the subject of a number of recent research reports. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Pivotal Research reiterated a “sell” rating and set a $93.00 price objective (up previously from $91.00) on shares of Walt Disney in a research report on Tuesday. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday. Bank of America reiterated a “buy” rating and set a $144.00 price objective (up previously from $130.00) on shares of Walt Disney in a research report on Wednesday. Finally, Jefferies Group reiterated a “hold” rating and set a $103.77 price objective (up previously from $102.68) on shares of Walt Disney in a research report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $115.77.
Walt Disney 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.