Sterling Investment Advisors Ltd. lifted its holdings in shares of Walt Disney Company (The) (NYSE:DIS) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,475 shares of the entertainment giant’s stock after purchasing an additional 100 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Walt Disney were worth $369,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Lee Financial Co boosted its holdings in shares of Walt Disney by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney during the first quarter worth $144,000. BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney during the second quarter worth $153,000. Allegis Investment Advisors LLC acquired a new stake in shares of Walt Disney during the second quarter worth $206,000. Finally, Atwood & Palmer Inc. boosted its holdings in shares of Walt Disney by 1.3% during the second quarter. Atwood & Palmer Inc. now owns 1,987 shares of the entertainment giant’s stock worth $211,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 61.51% of the company’s stock.
Walt Disney Company (DIS) opened at $107.22 on Wednesday. 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 52-week low of $96.20 and a 52-week high of $116.10. The company has a market capitalization of $166,466.58, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.38.
The firm also recently announced 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 of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio is presently 27.42%.
DIS has been the topic of several analyst reports. Bank of America restated a “buy” rating and set a $120.00 price objective (down previously from $125.00) on shares of Walt Disney in a report on Friday, September 8th. FBR & Co restated a “hold” rating and set a $97.00 price objective on shares of Walt Disney in a report on Friday, September 8th. Goldman Sachs Group raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Guggenheim restated a “buy” rating and set a $122.00 price objective on shares of Walt Disney in a report on Tuesday, September 5th. Finally, UBS reaffirmed a “buy” rating and issued a $126.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $112.20.
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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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