Kornitzer Capital Management Inc. KS Has $8.10 Million Stake in Walt Disney Co (DIS)

Kornitzer Capital Management Inc. KS cut its position in Walt Disney Co (NYSE:DIS) by 10.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,173 shares of the entertainment giant’s stock after selling 9,595 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Walt Disney were worth $8,100,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Amalgamated Bank increased its position in Walt Disney by 49.8% during the 2nd quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock worth $19,192,000 after purchasing an additional 60,088 shares in the last quarter. Tdam USA Inc. increased its position in Walt Disney by 4.1% during the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after purchasing an additional 7,785 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV grew its holdings in Walt Disney by 7.9% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after acquiring an additional 1,800 shares during the last quarter. Connecticut Wealth Management LLC grew its holdings in Walt Disney by 1.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after acquiring an additional 42 shares during the last quarter. Finally, Riverpark Capital Management LLC grew its holdings in Walt Disney by 15.2% during the 2nd quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock worth $32,005,000 after acquiring an additional 39,822 shares during the last quarter. Institutional investors own 61.51% of the company’s stock.

Shares of Walt Disney Co (NYSE:DIS) opened at $111.62 on Friday. 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 Co has a 12 month low of $96.20 and a 12 month high of $116.10. The company has a market cap of $168,242.81, a price-to-earnings ratio of 19.62, a PEG ratio of 2.38 and a beta of 1.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. sell-side analysts anticipate that Walt Disney Co will post 6.23 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio is currently 29.53%.

DIS has been the topic of a number of research reports. Goldman Sachs Group boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Loop Capital reissued a “buy” rating and set a $106.00 target price on shares of Walt Disney in a report on Monday, December 11th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. JPMorgan Chase & Co. set a $125.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $120.00 target price on shares of Walt Disney in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.91.

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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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