Exchange Capital Management Inc. grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 2.0% in the third quarter, HoldingsChannel.com reports. The fund owned 52,244 shares of the entertainment giant’s stock after acquiring an additional 1,033 shares during the quarter. Walt Disney accounts for 1.7% of Exchange Capital Management Inc.’s holdings, making the stock its 17th biggest position. Exchange Capital Management Inc.’s holdings in Walt Disney were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Walt Disney during the 2nd quarter worth about $925,000. Lee Financial Co grew its holdings in Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after acquiring an additional 74 shares during the period. Legacy Advisors LLC acquired a new stake in Walt Disney during the 3rd quarter worth about $137,000. Krilogy Financial LLC grew its holdings in Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after acquiring an additional 166 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new stake in Walt Disney during the 2nd quarter worth about $153,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.
Several brokerages have recently commented on DIS. Wells Fargo & Co restated a “buy” rating and issued a $116.00 target price on shares of Walt Disney in a research note on Wednesday, September 20th. BTIG Research restated a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Citigroup restated a “neutral” rating on shares of Walt Disney in a research note on Thursday, September 28th. Rosenblatt Securities restated a “hold” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 28th. Finally, Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney has a consensus rating of “Hold” and an average price target of $116.07.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The company had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. Walt Disney’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm 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 declared 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 was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 29.58%.
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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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