Howe & Rusling Inc. Purchases 1,170 Shares of The Walt Disney Company $DIS

Howe & Rusling Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 44,315 shares of the entertainment giant’s stock after purchasing an additional 1,170 shares during the period. Howe & Rusling Inc.’s holdings in Walt Disney were worth $5,496,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. increased its holdings in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new position in Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the second quarter worth approximately $49,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Walt Disney during the first quarter worth $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 1.5%

Walt Disney stock opened at $104.66 on Thursday. 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 stock has a market cap of $186.84 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The stock has a 50-day moving average of $112.08 and a two-hundred day moving average of $114.87. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued 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 21.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DIS shares. UBS Group reiterated a “buy” rating and issued a $138.00 price target on shares of Walt Disney in a report on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Evercore ISI boosted their target price on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a report on Friday, November 14th. Finally, Jefferies Financial Group cut their price objective 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, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Company 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.