Formidable Asset Management LLC decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,439 shares of the entertainment giant’s stock after selling 203 shares during the period. Formidable Asset Management LLC’s holdings in Walt Disney were worth $684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tdam USA Inc. increased its position in Walt Disney by 4.1% during the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after purchasing an additional 7,785 shares during the period. State Treasurer State of Michigan increased its position in Walt Disney by 73.3% during the 1st quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after purchasing an additional 573,000 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV increased its position in Walt Disney by 7.9% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock valued at $2,626,000 after purchasing an additional 1,800 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Walt Disney by 1.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock valued at $19,871,000 after buying an additional 2,351 shares in the last quarter. Finally, Connecticut Wealth Management LLC boosted its holdings in shares of Walt Disney by 1.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock valued at $315,000 after buying an additional 42 shares in the last quarter. 61.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walt Disney Co (NYSE:DIS) opened at $105.26 on Friday. The company has a market cap of $159,277.48, a P/E ratio of 18.50, a P/E/G ratio of 2.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. analysts anticipate that Walt Disney Co will post 6.24 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 27.42%.

A number of analysts have recently weighed in on DIS shares. Goldman Sachs Group set a $119.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Saturday, August 19th. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Tuesday, August 22nd. Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $107.66 price target on the stock in a report on Thursday, August 10th. Deutsche Bank restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, August 10th. Finally, Guggenheim restated a “buy” rating and issued a $122.00 price target on shares of Walt Disney in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $112.34.

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Walt Disney Company Profile

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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