Published: Sat, November 11, 2017
Technology | By Russell Knight

Giverny Capital Inc. Sells 62577 Shares of Walt Disney Company (The) (DIS)

The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source information. With the existing current ratio, The Walt Disney Company is more than equipped to confront its liabilities with its assets.

For the quarter ended September 30, Disney reported earnings of $1.07 a share, excluding some items, missing the $1.14 average of analysts' estimates. Marble Harbor Investment Counsel Llc acquired 6,350 shares as Disney Walt Co (DIS)'s stock declined 2.31%. The number of shares now owned by investors are 1.54 bln. It also reduced its holding in Oracle Corp (NYSE:ORCL) by 49,976 shares in the quarter, leaving it with 2.91 million shares, and cut its stake in Unilever N V (NYSE:UN). The stock rose 0.32% or $0.11 reaching $34.11. Inc. increased its position in shares of Walt Disney Company (The) by 0.3% during the second quarter. BidaskClub upgraded Walt Disney Company (The) from a "hold" rating to a "buy" rating in a research note on Wednesday, August 2nd. The stock of State Street Corp (NYSE:STT) has "Hold" rating given on Tuesday, October 24 by RBC Capital Markets. The institutional investor owned 278,117 shares of the entertainment giant's stock after purchasing an additional 16,433 shares during the period. Moreover, Cullen Frost Bankers Incorporated has 1.18% invested in Walt Disney Co (NYSE:DIS). (NYSE:T). Clarivest Asset Mgmt Limited Co accumulated 4,332 shares or 0% of the stock.

Moving toward other technical indicators, stock is wondering in considerable region as it has 20 days moving average of 3.17% and struggles for 50 days moving average of buoyant run is 2.51%. Walt Disney Company has a 1 year low of $95.78 and a 1 year high of $116.10. The company has market cap of $21.70 billion.

Most big-name brands have already reported earnings this quarter, and therefore, a slew of investors now look longingly to the fourth quarter and the full fiscal year. The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%.

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The companys Studio Entertainment segment produces and acquires live-action and animated motion pictures for distribution in the theatrical, home entertainment, and television markets primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm, and Touchstone banners. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.12 by ($0.05).

Looking on other side, Forward Price to Earnings ratio of DIS persists on 15.95. Morgan Stanley invested in 0% or 262,701 shares.

Disney said Thursday it's already working on a new "Star Wars" trilogy to follow the series that's scheduled to wrap up in December 2019. Walt Disney's dividend payout ratio (DPR) is 27.27%. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and global trademark and copyright law. The legal version of this news story can be viewed at private-trust-co-na-sells-1724-shares-of-walt-disney-co-dis/1230859/.

The results come after CNBC reported on Monday that Disney had, in the last few weeks, held talks about buying most of Twenty-First Century Fox's film and television assets.

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Meyers reiterated his overweight rating and lowered his price target to $120 from $130 for Disney shares, representing 17 percent upside to Thursday's close. Cowen & Co maintained the shares of DIS in report on Thursday, September 14 with "Hold" rating. Renaissance Group Inc Ltd Com invested in 28,892 shares.

Among 26 analysts covering Cerner Corporation (NASDAQ:CERN), 13 have Buy rating, 1 Sell and 12 Hold. (The) set a $133.00 price target on Walt Disney Company (The) and gave the company a "buy" rating in a research report on Wednesday, August 9th.

In related news, EVP Alan N. Braverman sold 19,871 shares of Walt Disney stock in a transaction dated Wednesday, November 16th. Bp Plc sold 74,000 shares as Walt Disney Co/The (DIS)'s stock declined 2.31%. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Paloma Mngmt invested in 4,902 shares or 0% of the stock. HM Capital Management LLC now owns 2,690 shares of the entertainment giant's stock worth $305,000 after purchasing an additional 14 shares during the period. The disclosure for this sale can be found here.

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