North Star Asset Management Inc. cut its stake in shares of Walt Disney Co (NYSE:DIS) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,579 shares of the entertainment giant’s stock after selling 912 shares during the quarter. North Star Asset Management Inc.’s holdings in Walt Disney were worth $3,808,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DIS. California Capital Advisors Inc. boosted its holdings in Walt Disney by 27.4% in the third quarter. California Capital Advisors Inc. now owns 13,680 shares of the entertainment giant’s stock valued at $1,348,000 after purchasing an additional 2,945 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Walt Disney by 7.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,050,000 shares of the entertainment giant’s stock valued at $300,639,000 after purchasing an additional 200,000 shares in the last quarter. New England Research & Management Inc. boosted its holdings in Walt Disney by 19.7% in the third quarter. New England Research & Management Inc. now owns 18,654 shares of the entertainment giant’s stock valued at $1,839,000 after purchasing an additional 3,075 shares in the last quarter. Selway Asset Management boosted its holdings in Walt Disney by 3.0% in the third quarter. Selway Asset Management now owns 37,456 shares of the entertainment giant’s stock valued at $3,692,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in Walt Disney by 0.8% in the third quarter. Trust Co. of Vermont now owns 125,083 shares of the entertainment giant’s stock valued at $12,330,000 after purchasing an additional 1,014 shares in the last quarter. 61.51% of the stock is owned by institutional investors and hedge funds.

Shares of Walt Disney Co (NYSE:DIS) opened at $108.12 on Wednesday. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $163,796.34, a P/E ratio of 19.00, a PEG ratio of 2.31 and a beta of 1.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS 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 analysts’ expectations of $13.30 billion. During the same quarter last year, the company earned $1.10 EPS. Walt Disney’s revenue for the quarter was down 2.8% compared to the same quarter last year. research analysts forecast that Walt Disney Co will post 6.23 EPS for the current fiscal year.

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

DIS has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price target on shares of Walt Disney in a report on Tuesday, September 5th. Jefferies Group reaffirmed a “hold” rating and issued a $103.00 price target (down from $110.00) on shares of Walt Disney in a report on Friday, October 6th. Pivotal Research upped their price target on Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a report on Thursday, December 14th. BTIG Research reiterated a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $113.20.

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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.

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

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