The Walt Disney Company (NYSE:DIS) Position Cut by Panagora Asset Management Inc.
Panagora Asset Management Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 81.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,794 shares of the entertainment giant’s stock after selling 81,703 shares during the quarter. Panagora Asset Management Inc.’s holdings in Walt Disney were worth $1,678,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in DIS. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Walt Disney by 102,919.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock valued at $40,939,886,000 after buying an additional 458,110,957 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter valued at about $1,433,075,000. Providence Capital Advisors LLC raised its stake in shares of Walt Disney by 11,064.4% during the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock valued at $109,679,000 after purchasing an additional 10,883,859 shares in the last quarter. Finally, Trian Fund Management L.P. bought a new stake in shares of Walt Disney during the fourth quarter valued at about $784,509,000. 61.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
DIS has been the topic of a number of recent analyst reports. Truist Financial restated a “buy” rating and set a $105.00 price objective on shares of Walt Disney in a research note on Tuesday, September 19th. Raymond James lifted their price objective on shares of Walt Disney from $93.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 10th. UBS Group dropped their price target on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, October 16th. Finally, Rosenblatt Securities dropped their price target on shares of Walt Disney from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $108.95.
Check Out Our Latest Report on Walt Disney
Walt Disney Trading Down 0.1 %
NYSE:DIS opened at $92.58 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.05 and a quick ratio of 0.99. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $118.18. The stock’s 50-day moving average is $86.10 and its two-hundred day moving average is $86.99. The stock has a market cap of $169.45 billion, a PE ratio of 72.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.31.
Walt Disney (NYSE:DIS – Get Free Report) last released its earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.15. The company had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $21.37 billion. Walt Disney had a return on equity of 7.31% and a net margin of 2.65%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 4.38 earnings per share for the current fiscal year.
Walt Disney Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.30%.
About Walt Disney (Free Report)
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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