Sculati Wealth Management LLC Reduces Stock Holdings in The Walt Disney Company $DIS

Sculati Wealth Management LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,629 shares of the entertainment giant’s stock after selling 764 shares during the quarter. Sculati Wealth Management LLC’s holdings in Walt Disney were worth $2,310,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kondo Wealth Advisors Inc. raised its stake in shares of Walt Disney by 1.2% in the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares during the period. Cornerstone Advisory LLC boosted its stake in shares of Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. grew its holdings in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares during the last quarter. Childress Capital Advisors LLC raised its position in Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares during the period. Finally, Apollon Financial LLC lifted its stake in Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after purchasing an additional 87 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 1.6%

NYSE DIS opened at $105.87 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year 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 company has a market capitalization of $190.34 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company’s 50-day simple moving average is $112.79 and its two-hundred day simple moving average is $114.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $22.46 billion for 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 company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

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

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Wells Fargo & Company cut their target price on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Friday. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Profile

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.