IFM Investors Pty Ltd lifted its holdings in Walt Disney Co (NYSE:DIS) by 39.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,197 shares of the entertainment giant’s stock after buying an additional 12,131 shares during the quarter. Walt Disney comprises 1.2% of IFM Investors Pty Ltd’s portfolio, making the stock its 24th biggest holding. IFM Investors Pty Ltd’s holdings in Walt Disney were worth $4,590,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Walt Disney by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after buying an additional 456,053 shares during the last quarter. Legal & General Group Plc grew its position in Walt Disney by 5.3% during the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock worth $837,761,000 after buying an additional 394,012 shares in the last quarter. Clearbridge Investments LLC grew its position in Walt Disney by 2.0% during the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock worth $864,386,000 after buying an additional 150,316 shares in the last quarter. Parnassus Investments CA grew its position in Walt Disney by 0.4% during the first quarter. Parnassus Investments CA now owns 5,823,364 shares of the entertainment giant’s stock worth $638,073,000 after buying an additional 20,641 shares in the last quarter. Finally, Swiss National Bank grew its position in Walt Disney by 7.8% during the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after buying an additional 420,200 shares in the last quarter. 61.51% of the stock is owned by institutional investors and hedge funds.
DIS has been the subject of a number of research reports. Piper Jaffray Companies set a $130.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $120.00 price objective (down from $125.00) on shares of Walt Disney in a report on Wednesday, August 9th. FBR & Co cut their price objective on Walt Disney from $114.00 to $112.00 and set a “market perform” rating for the company in a report on Wednesday, August 9th. BidaskClub cut Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Jefferies Group reiterated a “hold” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Walt Disney presently has an average rating of “Hold” and a consensus price target of $112.34.
Walt Disney Co (DIS) traded down $1.76 on Thursday, reaching $105.46. The company’s stock had a trading volume of 8,121,600 shares, compared to its average volume of 7,259,450. The company has a market cap of $161,935.64, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.28 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 Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. analysts anticipate that Walt Disney Co will post 6.24 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is 27.42%.
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.
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