J. L. Bainbridge & Co. Inc. lessened its position in Walt Disney Co (NYSE:DIS) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 221,794 shares of the entertainment giant’s stock after selling 3,677 shares during the period. Walt Disney accounts for approximately 3.5% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 12th biggest holding. J. L. Bainbridge & Co. Inc.’s holdings in Walt Disney were worth $25,937,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Brightworth boosted its position in shares of Walt Disney by 1.3% during the third quarter. Brightworth now owns 54,415 shares of the entertainment giant’s stock valued at $6,363,000 after buying an additional 715 shares during the last quarter. Rothschild Investment Corp IL boosted its position in Walt Disney by 17.9% in the third quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock worth $5,714,000 after purchasing an additional 7,430 shares during the last quarter. First American Bank purchased a new position in Walt Disney in the third quarter worth about $10,901,000. Long Road Investment Counsel LLC purchased a new position in shares of Walt Disney during the 3rd quarter valued at about $208,000. Finally, Cambridge Trust Co. lifted its position in shares of Walt Disney by 3.2% during the 3rd quarter. Cambridge Trust Co. now owns 36,480 shares of the entertainment giant’s stock valued at $4,266,000 after buying an additional 1,141 shares in the last quarter. 62.99% of the stock is owned by hedge funds and other institutional investors.
DIS opened at $111.41 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.94. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The stock has a market cap of $167.94 billion, a PE ratio of 15.74, a PEG ratio of 1.94 and a beta of 0.96.
The company also recently declared a semiannual dividend, which was paid on Thursday, January 10th. Stockholders of record on Monday, December 10th were paid a dividend of $0.88 per share. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date of this dividend was Friday, December 7th. This represents a dividend yield of 1.51%. Walt Disney’s payout ratio is 24.86%.
In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $112.75, for a total transaction of $225,500.00. Following the completion of the sale, the executive vice president now directly owns 24,513 shares in the company, valued at approximately $2,763,840.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction on Saturday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now owns 106,390 shares of the company’s stock, valued at $11,458,203. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,381 shares of company stock worth $7,117,444. 0.36% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on DIS. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Credit Suisse Group reissued a “hold” rating and set a $114.00 target price on shares of Walt Disney in a research report on Tuesday, January 22nd. Wolfe Research assumed coverage on Walt Disney in a report on Friday, December 7th. They set an “outperform” rating for the company. Imperial Capital upgraded Walt Disney from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $113.00 to $129.00 in a report on Tuesday, November 27th. Finally, B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $123.63.
About Walt Disney
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.
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