Tocqueville Asset Management L.P. Has $44.53 Million Holdings in The Walt Disney Company (NYSE:DIS)

Tocqueville Asset Management L.P. trimmed its stake in The Walt Disney Company (NYSE:DISFree Report) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 549,436 shares of the entertainment giant’s stock after selling 18,153 shares during the period. Walt Disney makes up approximately 0.8% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 25th biggest holding. Tocqueville Asset Management L.P.’s holdings in Walt Disney were worth $44,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Capital Management LLC boosted its stake in shares of Walt Disney by 6.1% during the second quarter. Advisors Capital Management LLC now owns 346,034 shares of the entertainment giant’s stock valued at $30,894,000 after purchasing an additional 19,882 shares during the period. Silvia Mccoll Wealth Management LLC lifted its stake in Walt Disney by 4.2% in the second quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after acquiring an additional 164 shares during the period. Pathway Financial Advisors LLC lifted its stake in Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the period. Tempus Wealth Planning LLC lifted its stake in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after acquiring an additional 546 shares during the period. Finally, DCM Advisors LLC lifted its stake in Walt Disney by 0.3% in the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock worth $6,604,000 after acquiring an additional 198 shares during the period. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Price Performance

DIS traded up $1.96 on Monday, hitting $110.35. 6,318,477 shares of the company’s stock traded hands, compared to its average volume of 14,327,059. The company’s 50 day simple moving average is $93.44 and its 200-day simple moving average is $88.33. The firm has a market cap of $202.42 billion, a price-to-earnings ratio of 66.91, a P/E/G ratio of 1.80 and a beta of 1.39. The Walt Disney Company has a one year low of $78.73 and a one year high of $112.77. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DISGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 4.63 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIS. Raymond James raised their price target on Walt Disney from $93.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Needham & Company LLC raised Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Thursday. Barclays increased their price objective on Walt Disney from $88.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday. UBS Group dropped their target price on Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, October 16th. Finally, The Goldman Sachs Group dropped their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.67.

Read Our Latest Report on Walt Disney

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 18,788 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.99, for a total value of $1,747,096.12. Following the completion of the sale, the executive vice president now directly owns 33,586 shares in the company, valued at approximately $3,123,162.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Brent Woodford sold 18,788 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.99, for a total value of $1,747,096.12. Following the completion of the transaction, the executive vice president now directly owns 33,586 shares of the company’s stock, valued at approximately $3,123,162.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares in the company, valued at $167,694.71. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Walt Disney Profile

(Free Report)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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