Kornitzer Capital Management Inc. KS grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,310 shares of the entertainment giant’s stock after purchasing an additional 483 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Walt Disney were worth $10,561,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in DIS. Canton Hathaway LLC purchased a new stake in shares of Walt Disney during the 3rd quarter valued at $107,000. CSat Investment Advisory L.P. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $112,000. Fort L.P. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $121,000. Lenox Wealth Advisors LLC increased its position in shares of Walt Disney by 807.2% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the entertainment giant’s stock valued at $133,000 after purchasing an additional 1,009 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $140,000. 62.82% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. Argus increased their price target on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Pivotal Research reiterated a “sell” rating and set a $95.00 price target on shares of Walt Disney in a research note on Sunday, September 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and an average price target of $122.37.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the company earned $1.07 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Walt Disney Co will post 7.08 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Thursday, January 10th. Shareholders of record on Monday, December 10th were paid a $0.88 dividend. The ex-dividend date was Friday, December 7th. This represents a yield of 1.51%. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s dividend payout ratio (DPR) is currently 24.86%.
In other Walt Disney news, EVP Brent Woodford sold 721 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $101.13, for a total value of $72,914.73. Following the completion of the transaction, the executive vice president now owns 26,910 shares in the company, valued at approximately $2,721,408.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the transaction, the executive vice president now owns 106,390 shares of the company’s stock, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,381 shares of company stock valued at $7,117,444. 0.38% of the stock is owned by corporate insiders.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
Further Reading: Understanding Relative Strength Index
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.