The The Walt Disney Co. (DIS) Position Maintained by LSV Asset Management

The The Walt Disney Co. (DIS) Position Maintained by LSV Asset Management

LSV Asset Management continued to hold its stake in The Walt Disney Co. (NYSE:DIS) during the third quarter, Holdings Channel reports. The institutional investor owned 20,100 shares of the entertainment giant’s stock at the end of the third quarter. LSV Asset Management’s holdings in The Walt Disney were worth $1,866,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Weybosset Research & Management LLC raised its stake in The Walt Disney by 0.3% in the third quarter. Weybosset Research & Management LLC now owns 3,013 shares of the entertainment giant’s stock valued at $280,000 after buying an additional 8 shares during the period. Addison Capital Co raised its stake in The Walt Disney by 0.3% in the third quarter. Addison Capital Co now owns 3,534 shares of the entertainment giant’s stock valued at $328,000 after buying an additional 9 shares during the period. Community Bank & Trust Waco Texas raised its stake in The Walt Disney by 0.3% in the third quarter. Community Bank & Trust Waco Texas now owns 3,551 shares of the entertainment giant’s stock valued at $330,000 after buying an additional 12 shares during the period. Oarsman Capital Inc. raised its stake in The Walt Disney by 0.3% in the second quarter. Oarsman Capital Inc. now owns 5,161 shares of the entertainment giant’s stock valued at $505,000 after buying an additional 15 shares during the period. Finally, Capital Management Associates NY raised its stake in The Walt Disney by 0.6% in the second quarter. Capital Management Associates NY now owns 2,347 shares of the entertainment giant’s stock valued at $230,000 after buying an additional 15 shares during the period. 56.74% of the stock is currently owned by institutional investors.

The Walt Disney Co. (NYSE:DIS) traded down 0.81% during trading on Thursday, reaching $107.28. The company had a trading volume of 5,349,553 shares. The Walt Disney Co. has a one year low of $86.25 and a one year high of $109.49. The firm has a market capitalization of $170.73 billion, a P/E ratio of 18.72 and a beta of 1.23. The firm’s 50-day moving average price is $104.87 and its 200 day moving average price is $97.52.

The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The company earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The Walt Disney’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Co. will post $5.92 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Wednesday, January 11th. Investors of record on Monday, December 12th were issued a $0.78 dividend. This is a boost from The Walt Disney’s previous semiannual dividend of $0.71. This represents a yield of 1.58%. The ex-dividend date was Thursday, December 8th. The Walt Disney’s dividend payout ratio (DPR) is currently 27.27%.

Several brokerages recently weighed in on DIS. Jefferies Group restated a “hold” rating and set a $92.00 price objective on shares of The Walt Disney in a research report on Thursday, September 22nd. dropped their price objective on The Walt Disney from $115.00 to $108.00 and set an “outperform” rating for the company in a research report on Friday, September 23rd. Drexel Hamilton downgraded The Walt Disney from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $112.00 to $102.00 in a research report on Monday, September 26th. Loop Capital restated a “buy” rating and set a $114.00 price objective on shares of The Walt Disney in a research report on Tuesday, September 27th. Finally, Nomura restated a “buy” rating and set a $115.00 price objective on shares of The Walt Disney in a research report on Tuesday, September 27th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $112.14.

In related news, EVP Alan N. Braverman sold 19,871 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total value of $1,967,229.00. Following the transaction, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at approximately $13,425,786. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $108.50, for a total value of $217,000.00. Following the completion of the transaction, the executive vice president now directly owns 27,745 shares in the company, valued at $3,010,332.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,108 shares of company stock worth $3,151,163. 13.00% of the stock is owned by insiders.

About The Walt Disney

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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