Walt Disney Co (DIS) Position Maintained by Empirical Financial Services LLC

Empirical Financial Services LLC continued to hold its stake in shares of Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,480 shares of the entertainment giant’s stock at the close of the 2nd quarter. Empirical Financial Services LLC’s holdings in Walt Disney were worth $476,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DIS. Harbour Capital Advisors LLC increased its holdings in shares of Walt Disney by 10,076.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,387,625 shares of the entertainment giant’s stock worth $13,060,000 after purchasing an additional 1,373,990 shares during the last quarter. LSV Asset Management grew its position in Walt Disney by 3,235.2% in the second quarter. LSV Asset Management now owns 730,400 shares of the entertainment giant’s stock worth $77,604,000 after acquiring an additional 708,500 shares in the last quarter. AQR Capital Management LLC grew its position in Walt Disney by 111.0% in the first quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock worth $135,008,000 after acquiring an additional 626,245 shares in the last quarter. Principal Financial Group Inc. grew its position in Walt Disney by 27.2% in the second quarter. Principal Financial Group Inc. now owns 2,723,151 shares of the entertainment giant’s stock worth $289,335,000 after acquiring an additional 582,853 shares in the last quarter. Finally, State Treasurer State of Michigan grew its position in Walt Disney by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after acquiring an additional 573,000 shares in the last quarter. 61.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Walt Disney Co (NYSE:DIS) traded down $1.76 during midday trading on Thursday, hitting $105.46. The company had a trading volume of 8,121,600 shares, compared to its average volume of 7,259,450. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The stock has a market capitalization 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. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10.

Walt Disney (NYSE:DIS) last announced 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 firm had revenue of $12.78 billion during 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 firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. equities research analysts anticipate that Walt Disney Co will post 6.24 earnings per share for the current year.

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be issued a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s payout ratio is 27.42%.

Several research analysts recently commented on DIS shares. Guggenheim reiterated a “buy” rating and issued a $122.00 price target on shares of Walt Disney in a research report on Tuesday, September 5th. Jefferies Group reiterated a “hold” rating and issued a $103.00 price target (down previously from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. BidaskClub lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BTIG Research reiterated a “sell” rating on shares of Walt Disney in a research report on Monday, September 25th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $112.34.

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About Walt Disney

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

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