United Advisor Group LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 122.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,090 shares of the entertainment giant’s stock after purchasing an additional 4,458 shares during the period. United Advisor Group LLC’s holdings in Walt Disney were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney in the first quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new stake in shares of Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the second quarter worth approximately $49,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Walt Disney in the 2nd quarter worth $53,000. Institutional investors own 65.71% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a report on Friday. Finally, Jefferies Financial Group lowered their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $134.41.
Walt Disney Trading Up 0.6%
Shares of DIS stock opened at $106.34 on Wednesday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a 50-day simple moving average of $112.31 and a two-hundred day simple moving average of $114.94. 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 $189.85 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.45 and a beta of 1.55.
Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping 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 return on equity of 9.67% and a net margin of 12.22%.The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Walt Disney Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio is 21.87%.
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.
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