RMB Capital Management LLC trimmed its position in Walt Disney Co (NYSE:DIS) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,900 shares of the entertainment giant’s stock after selling 546 shares during the quarter. RMB Capital Management LLC’s holdings in Walt Disney were worth $2,073,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Thoroughbred Financial Services LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $401,000. Captrust Financial Advisors lifted its holdings in shares of Walt Disney by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 84,806 shares of the entertainment giant’s stock valued at $9,373,000 after purchasing an additional 1,588 shares in the last quarter. Kinneret Advisory LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $5,258,000. Fort L.P. lifted its holdings in shares of Walt Disney by 76.5% during the 4th quarter. Fort L.P. now owns 14,878 shares of the entertainment giant’s stock valued at $1,631,000 after purchasing an additional 6,449 shares in the last quarter. Finally, Cortland Advisers LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $118,918,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.
Several equities analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Friday, April 12th. They set an “overweight” rating and a $137.00 price objective on the stock. BTIG Research upgraded Walt Disney from a “sell” rating to a “neutral” rating in a research note on Monday, April 15th. Imperial Capital boosted their target price on Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Cowen upgraded Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 target price on the stock in a research note on Tuesday, April 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $175.00 target price on shares of Walt Disney in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. Walt Disney presently has an average rating of “Buy” and a consensus target price of $146.27.
Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period in the previous year, the firm earned $1.84 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Walt Disney Co will post 6.63 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, July 5th. Walt Disney’s dividend payout ratio is 24.86%.
In other news, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total transaction of $540,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Zenia B. Mucha sold 49,561 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total value of $6,938,540.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,961 shares of company stock worth $12,912,520. Insiders own 0.36% of the company’s stock.
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 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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