Intact Investment Management Inc. trimmed its holdings in shares of Walt Disney Co (NYSE:DIS) by 67.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,900 shares of the entertainment giant’s stock after selling 3,900 shares during the period. Intact Investment Management Inc.’s holdings in Walt Disney were worth $222,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of DIS. Phocas Financial Corp. lifted its holdings in shares of Walt Disney by 989,639.9% in the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock worth $703,000 after purchasing an additional 67,048,101 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Walt Disney by 22.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after purchasing an additional 1,129,743 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Walt Disney by 2.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock worth $625,324,000 after purchasing an additional 159,265 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Walt Disney by 5.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock worth $521,882,000 after purchasing an additional 254,293 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Walt Disney by 2.6% in the 2nd quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock worth $521,055,000 after purchasing an additional 125,900 shares in the last quarter. Hedge funds and other institutional investors own 62.99% of the company’s stock.
In other news, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the sale, the executive vice president now directly owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 961 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $117.06, for a total value of $112,494.66. Following the sale, the executive vice president now directly owns 25,737 shares of the company’s stock, valued at $3,012,773.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,886 shares of company stock valued at $9,284,819. Insiders own 0.38% of the company’s stock.
A number of equities analysts recently issued reports on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Pivotal Research reiterated a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a report on Sunday, September 23rd. Morgan Stanley increased their target price on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $104.00 to $130.00 in a research note on Friday, October 19th. Finally, ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Walt Disney currently has an average rating of “Buy” and a consensus target price of $122.39.
Shares of NYSE:DIS opened at $111.98 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $120.20. The firm has a market cap of $168.03 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.69 and a beta of 1.17.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the business earned $1.07 EPS. The business’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Walt Disney Co will post 7.07 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 10th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. This represents a dividend yield of 1.51%. Walt Disney’s dividend payout ratio (DPR) is currently 23.73%.
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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
Further Reading: Dividend Aristocrat Index
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