The Walt Disney Company $DIS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 59.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,949 shares of the entertainment giant’s stock after selling 185,885 shares during the quarter. Intech Investment Management LLC’s holdings in Walt Disney were worth $15,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. Victory Capital Management Inc. raised its stake in Walt Disney by 3.3% during the 1st quarter. Victory Capital Management Inc. now owns 684,271 shares of the entertainment giant’s stock valued at $67,538,000 after purchasing an additional 21,612 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Walt Disney by 3.3% in the first quarter. Verdence Capital Advisors LLC now owns 7,268 shares of the entertainment giant’s stock valued at $717,000 after purchasing an additional 232 shares in the last quarter. Dynasty Wealth Management LLC boosted its position in shares of Walt Disney by 11.0% in the first quarter. Dynasty Wealth Management LLC now owns 10,652 shares of the entertainment giant’s stock worth $1,051,000 after buying an additional 1,054 shares during the period. Finally, Creekmur Asset Management LLC grew its holdings in shares of Walt Disney by 41,713.3% during the first quarter. Creekmur Asset Management LLC now owns 6,272 shares of the entertainment giant’s stock valued at $619,000 after buying an additional 6,257 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.6%

DIS stock opened at $105.87 on Friday. The firm has a market cap of $190.34 billion, a PE ratio of 16.59, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a fifty day simple moving average of $112.79 and a 200 day simple moving average of $114.41. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. Sell-side analysts anticipate 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 given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 15.67%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DIS shares. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Cowen restated a “hold” rating on shares of Walt Disney in a report on Friday. Evercore ISI boosted their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.