CIBC Asset Management Inc grew its position in Walt Disney Co (NYSE:DIS) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,619 shares of the entertainment giant’s stock after buying an additional 4,342 shares during the quarter. CIBC Asset Management Inc’s holdings in Walt Disney were worth $14,058,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DIS. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at approximately $925,000. Lee Financial Co grew its holdings in shares of Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after purchasing an additional 74 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at approximately $137,000. Krilogy Financial LLC grew its holdings in shares of Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after purchasing an additional 166 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at approximately $153,000. Institutional investors own 61.55% of the company’s stock.
DIS has been the topic of several research reports. Citigroup reaffirmed a “buy” rating and set a $119.00 price target on shares of Walt Disney in a report on Wednesday, November 1st. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Tuesday, October 31st. Vetr lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 price target on the stock. in a report on Thursday, October 19th. Goldman Sachs Group lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Friday, November 10th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $116.15.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’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 forecast that Walt Disney Co will post 6.4 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 29.53%.
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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