MJP Associates Inc. ADV Sells 826 Shares of The Walt Disney Company $DIS

MJP Associates Inc. ADV cut its holdings in The Walt Disney Company (NYSE:DIS) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,717 shares of the entertainment giant’s stock after selling 826 shares during the quarter. MJP Associates Inc. ADV’s holdings in Walt Disney were worth $833,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DIS. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $4,220,599,000. Nuveen LLC acquired a new position in Walt Disney in the first quarter valued at about $1,353,607,000. Boston Partners boosted its holdings in Walt Disney by 83.7% during the second quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock worth $854,537,000 after buying an additional 3,146,450 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after buying an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $105.87 on Friday. The firm has a market cap of $190.34 billion, a P/E ratio of 16.59, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50 day moving average price is $112.79 and its two-hundred day moving average price is $114.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is 15.67%.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a report on Friday. Finally, Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.