Cullen Frost Bankers Inc. trimmed its stake in shares of Walt Disney Co (NYSE:DIS) by 9.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 211,891 shares of the entertainment giant’s stock after selling 22,760 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $24,778,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DIS. Phocas Financial Corp. lifted its position in shares of Walt Disney by 989,639.9% during the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Walt Disney by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after acquiring an additional 1,129,743 shares during the period. Ruffer LLP lifted its position in shares of Walt Disney by 39.1% during the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after acquiring an additional 1,117,959 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Walt Disney by 10,630.8% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after acquiring an additional 1,013,007 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Walt Disney by 112.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock valued at $174,562,000 after acquiring an additional 880,100 shares during the period. Hedge funds and other institutional investors own 62.99% of the company’s stock.

Shares of DIS stock opened at $114.33 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $120.20. The firm has a market cap of $168.03 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the company earned $1.07 EPS. Walt Disney’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts expect that Walt Disney Co will post 7.07 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be given a dividend of $0.88 per share. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. This represents a dividend yield of 1.51%. The ex-dividend date is Friday, December 7th. Walt Disney’s dividend payout ratio is currently 23.73%.

A number of analysts have recently weighed in on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Pivotal Research reiterated a “sell” rating and set a $95.00 target price on shares of Walt Disney in a research report on Sunday, September 23rd. Loop Capital upped their target price on Walt Disney to $130.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $104.00 to $130.00 in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $122.39.

In other Walt Disney news, EVP Brent Woodford sold 961 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $117.06, for a total value of $112,494.66. Following the completion of the transaction, the executive vice president now directly owns 25,737 shares in the company, valued at $3,012,773.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the transaction, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,886 shares of company stock valued at $9,284,819. 0.38% of the stock is owned by corporate insiders.

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Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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