Kayne Anderson Rudnick Investment Management LLC Has $10.10 Million Position in Walt Disney Company (The) (DIS)
Kayne Anderson Rudnick Investment Management LLC decreased its holdings in Walt Disney Company (The) (NYSE:DIS) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,064 shares of the entertainment giant’s stock after selling 1,541 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Walt Disney were worth $10,100,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of DIS. Lee Financial Co boosted its position in Walt Disney by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after acquiring an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney during the first quarter valued at $144,000. BDO Wealth Advisors LLC bought a new stake in Walt Disney during the second quarter valued at $153,000. Allegis Investment Advisors LLC bought a new stake in Walt Disney during the second quarter valued at $206,000. Finally, Atwood & Palmer Inc. boosted its position in Walt Disney by 1.3% during the second quarter. Atwood & Palmer Inc. now owns 1,987 shares of the entertainment giant’s stock valued at $211,000 after acquiring an additional 25 shares during the last quarter. 61.51% of the stock is currently owned by institutional investors.
Shares of Walt Disney Company (NYSE DIS) opened at $109.58 on Tuesday. 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 Company has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. The firm has a market cap of $158,960.33, a PE ratio of 18.47, a P/E/G ratio of 2.24 and a beta of 1.38.
Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The company’s revenue was down 2.8% on a year-over-year basis. analysts expect that Walt Disney Company will post 6.24 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio is presently 27.42%.
A number of analysts have commented on the stock. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, November 10th. Vetr cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price target on the stock. in a research report on Monday, November 13th. Citigroup reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Thursday, September 28th. Finally, B. Riley reaffirmed a “hold” rating and set a $101.00 price target (up previously from $97.00) on shares of Walt Disney in a research report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $112.04.
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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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