Swiss National Bank grew its stake in Walt Disney Co (NYSE:DIS) by 0.1% during the third quarter, HoldingsChannel.com reports. The fund owned 5,783,128 shares of the entertainment giant’s stock after acquiring an additional 5,800 shares during the quarter. Walt Disney comprises about 0.6% of Swiss National Bank’s holdings, making the stock its 27th largest position. Swiss National Bank owned 3,746.81% of Walt Disney worth $570,043,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in DIS. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Walt Disney in the 2nd quarter worth $925,000. Lee Financial Co boosted its position in shares of Walt Disney by 7.6% in the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter worth $137,000. Krilogy Financial LLC boosted its position in shares of Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after purchasing an additional 166 shares in the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the 2nd quarter worth $153,000. Institutional investors and hedge funds own 61.52% of the company’s stock.
A number of analysts have recently weighed in on DIS shares. Wells Fargo & Co reissued a “buy” rating and issued a $116.00 price objective on shares of Walt Disney in a research report on Wednesday, September 20th. Piper Jaffray Companies set a $130.00 price objective on Walt Disney and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Vetr cut Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 price objective for the company. in a research report on Thursday, October 19th. Citigroup reissued a “buy” rating and issued a $119.00 price objective on shares of Walt Disney in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Walt Disney currently has an average rating of “Hold” and a consensus price target of $116.07.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. equities research analysts expect that Walt Disney Co will post 6.31 earnings per share for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s payout ratio is currently 29.53%.
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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.
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