Earnest Partners LLC lifted its position in shares of Walt Disney Co (NYSE:DIS) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,110 shares of the entertainment giant’s stock after acquiring an additional 2,739 shares during the quarter. Earnest Partners LLC’s holdings in Walt Disney were worth $23,812,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DIS. Carret Asset Management LLC raised its position in shares of Walt Disney by 3.7% during the 2nd quarter. Carret Asset Management LLC now owns 91,585 shares of the entertainment giant’s stock worth $9,731,000 after purchasing an additional 3,277 shares during the last quarter. First Commonwealth Financial Corp PA raised its position in shares of Walt Disney by 18.8% during the 2nd quarter. First Commonwealth Financial Corp PA now owns 17,146 shares of the entertainment giant’s stock worth $1,822,000 after purchasing an additional 2,714 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Walt Disney during the 2nd quarter worth about $2,523,000. Gotham Asset Management LLC raised its position in shares of Walt Disney by 143.6% during the 2nd quarter. Gotham Asset Management LLC now owns 295,664 shares of the entertainment giant’s stock worth $31,414,000 after purchasing an additional 174,294 shares during the last quarter. Finally, Monetary Management Group Inc. raised its position in shares of Walt Disney by 1.5% during the 2nd quarter. Monetary Management Group Inc. now owns 25,580 shares of the entertainment giant’s stock worth $2,718,000 after purchasing an additional 375 shares during 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 $107.46 on Tuesday. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The firm has a market cap of $157,403.20, a P/E ratio of 18.28, a PEG ratio of 2.22 and a beta of 1.38.

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

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s payout ratio is currently 29.53%.

A number of analysts have commented on the stock. Loop Capital reiterated a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a report on Monday. Rosenblatt Securities reiterated a “hold” rating and issued a $115.00 price objective on shares of Walt Disney in a report on Monday, December 4th. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $107.36 price objective for the company. in a report on Wednesday, November 29th. Piper Jaffray Companies reiterated a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a report on Wednesday, November 22nd. Finally, BMO Capital Markets reiterated a “sell” rating and issued a $90.00 price objective on shares of Walt Disney in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $112.44.

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

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