Frontier Wealth Management LLC raised its stake in Walt Disney Co (NYSE:DIS) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,249 shares of the entertainment giant’s stock after buying an additional 50 shares during the quarter. Walt Disney accounts for about 0.9% of Frontier Wealth Management LLC’s portfolio, making the stock its 25th largest position. Frontier Wealth Management LLC’s holdings in Walt Disney were worth $5,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Lee Financial Co raised its position 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 period. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney during the first quarter worth about $144,000. BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney during the second quarter worth about $153,000. Acrospire Investment Management LLC acquired a new stake in shares of Walt Disney during the second quarter worth about $170,000. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Walt Disney during the second quarter worth about $198,000. 61.51% of the stock is currently owned by institutional investors.

Walt Disney Co (NYSE DIS) opened at $104.23 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. The firm has a market capitalization of $157,403.20, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10.

Walt Disney (NYSE:DIS) last posted its quarterly 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). The company had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share. equities research analysts predict that Walt Disney Co will post 6.24 EPS for the current year.

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders 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 27.42%.

DIS has been the topic of a number of research analyst reports. Vetr raised Walt Disney from a “hold” rating to a “buy” rating and set a $103.55 price target on the stock in a research report on Thursday, September 7th. UBS reiterated a “buy” rating and set a $126.00 price objective on shares of Walt Disney in a report on Tuesday, September 5th. Guggenheim reiterated a “buy” rating and set a $122.00 price objective on shares of Walt Disney in a report on Tuesday, September 5th. Goldman Sachs Group set a $119.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Saturday, August 19th. Finally, Piper Jaffray Companies set a $130.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $112.34.

TRADEMARK VIOLATION WARNING: “Frontier Wealth Management LLC Has $5.98 Million Holdings in Walt Disney Co (DIS)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/10/frontier-wealth-management-llc-has-5-98-million-holdings-in-walt-disney-co-dis.html.

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.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Stock Ratings for Walt Disney Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Co and related stocks with our FREE daily email newsletter.