Miracle Mile Advisors LLC increased its stake in shares of Walt Disney Co (NYSE:DIS) by 59.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,386 shares of the entertainment giant’s stock after buying an additional 3,134 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Walt Disney were worth $827,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC boosted its holdings in shares of Walt Disney by 929.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after purchasing an additional 4,885,398 shares in the last quarter. AJO LP boosted its holdings in shares of Walt Disney by 12,331.6% in the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after purchasing an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Walt Disney by 247.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after purchasing an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Walt Disney by 48.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after purchasing an additional 1,740,128 shares in the last quarter. 61.51% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Co (DIS) opened at $112.23 on Friday. The stock has a market capitalization of $169,500.00, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.38 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. 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 earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. equities research analysts anticipate that Walt Disney Co will post 6.23 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 29.58%.
Several equities research analysts recently weighed in on the company. Piper Jaffray Companies set a $130.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Friday, November 10th. Rosenblatt Securities raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $115.00 to $130.00 in a report on Wednesday. Vetr downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price objective on the stock. in a report on Monday, November 13th. Finally, Citigroup reissued a “neutral” rating on shares of Walt Disney in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and a consensus price target of $114.91.
Walt Disney 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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