Marcus Capital LLC Continues to Hold Stake in Walt Disney Company (The) (DIS)

Marcus Capital LLC Continues to Hold Stake in Walt Disney Company (The) (DIS)

Marcus Capital LLC held its position in shares of Walt Disney Company (The) (NYSE:DIS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,205 shares of the entertainment giant’s stock at the end of the third quarter. Marcus Capital LLC’s holdings in Walt Disney Company (The) were worth $390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment Corp IL boosted its position in shares of Walt Disney Company (The) by 9.5% in the second quarter. Rothschild Investment Corp IL now owns 24,744 shares of the entertainment giant’s stock valued at $2,420,000 after buying an additional 2,150 shares in the last quarter. Harvey Capital Management Inc. boosted its position in shares of Walt Disney Company (The) by 15.5% in the second quarter. Harvey Capital Management Inc. now owns 26,120 shares of the entertainment giant’s stock valued at $2,555,000 after buying an additional 3,500 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Walt Disney Company (The) by 16.9% in the second quarter. CIBC World Markets Inc. now owns 235,916 shares of the entertainment giant’s stock valued at $23,077,000 after buying an additional 34,175 shares in the last quarter. Ken Stern & Associates Inc. boosted its position in shares of Walt Disney Company (The) by 3.1% in the second quarter. Ken Stern & Associates Inc. now owns 3,422 shares of the entertainment giant’s stock valued at $335,000 after buying an additional 102 shares in the last quarter. Finally, Swedbank boosted its position in shares of Walt Disney Company (The) by 19.0% in the second quarter. Swedbank now owns 2,670,407 shares of the entertainment giant’s stock valued at $261,219,000 after buying an additional 425,902 shares in the last quarter. Institutional investors own 58.31% of the company’s stock.

Shares of Walt Disney Company (NYSE:DIS) opened at 109.30 on Friday. The stock has a 50 day moving average price of $106.47 and a 200 day moving average price of $98.00. The firm has a market capitalization of $173.95 billion, a PE ratio of 19.08 and a beta of 1.23. Walt Disney Company has a 12-month low of $86.25 and a 12-month high of $109.49.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The firm earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. Walt Disney Company (The) had a net margin of 16.88% and a return on equity of 19.81%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Analysts predict that Walt Disney Company will post $5.91 EPS for the current fiscal year.

The company also recently disclosed 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 positive change from Walt Disney Company (The)’s previous semiannual dividend of $0.71. This represents a yield of 1.58%. The ex-dividend date was Thursday, December 8th. Walt Disney Company (The)’s payout ratio is currently 27.27%.

A number of analysts have recently commented on DIS shares. Citigroup Inc. restated a “buy” rating on shares of Walt Disney Company (The) in a research report on Friday, November 11th. Vetr cut Walt Disney Company (The) from a “strong-buy” rating to a “buy” rating and set a $103.64 price objective for the company. in a research report on Monday, October 24th. Nomura restated a “buy” rating and issued a $110.00 price objective (down from $115.00) on shares of Walt Disney Company (The) in a research report on Saturday, October 15th. restated a “buy” rating and issued a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, November 11th. Finally, Credit Suisse Group restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, November 11th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and an average price target of $112.58.

In related news, EVP Brent Woodford sold 925 shares of the business’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $104.61, for a total value of $96,764.25. Following the completion of the sale, the executive vice president now directly owns 25,745 shares of the company’s stock, valued at $2,693,184.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alan N. Braverman sold 19,871 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total value of $1,967,229.00. Following the completion of the sale, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at $13,425,786. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,108 shares of company stock valued at $3,151,163. 0.38% of the stock is owned by corporate insiders.

About Walt Disney Company (The)

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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