Wellington Shields Capital Management LLC cut its stake in shares of Walt Disney Co (NYSE:DIS) by 25.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 34,318 shares of the entertainment giant’s stock after selling 11,696 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Walt Disney were worth $3,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Northern Trust Corp lifted its position in shares of Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after acquiring an additional 500,349 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Walt Disney by 5.3% in the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after acquiring an additional 394,012 shares in the last quarter. Parnassus Investments CA lifted its position in shares of Walt Disney by 19.3% in the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after acquiring an additional 1,123,949 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Walt Disney by 7.8% in the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after acquiring an additional 420,200 shares in the last quarter. Institutional investors own 61.55% of the company’s stock.

Shares of Walt Disney Co (DIS) opened at $110.59 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The firm has a market capitalization of $167,030.00, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.94 and a beta of 1.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. equities analysts predict that Walt Disney Co will post 6.42 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were paid a dividend of $0.84 per share. The ex-dividend date was Friday, December 8th. Walt Disney’s payout ratio is currently 29.58%.

Several equities analysts have recently commented on DIS shares. Jefferies Group restated a “hold” rating and issued a $103.00 price objective (down from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. Pivotal Research boosted their price objective on Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a research report on Thursday, December 14th. BTIG Research restated a “sell” rating on shares of Walt Disney in a research report on Monday, September 25th. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 31st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $116.15.

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Walt Disney 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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