The Walt Disney Company $DIS Holdings Cut by Weik Capital Management

Weik Capital Management reduced its stake in The Walt Disney Company (NYSE:DIS) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,855 shares of the entertainment giant’s stock after selling 1,125 shares during the period. Walt Disney accounts for about 0.7% of Weik Capital Management’s investment portfolio, making the stock its 29th biggest holding. Weik Capital Management’s holdings in Walt Disney were worth $1,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. J. Safra Sarasin Holding AG increased its stake in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney during the second quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC grew its holdings in Walt Disney by 8,744.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after buying an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC acquired a new stake in Walt Disney in the 1st quarter valued at approximately $24,373,000. Finally, Border to Coast Pensions Partnership Ltd raised its stake in Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Evercore ISI increased their price target on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Cowen restated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $104.15 on Monday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $185.94 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company’s 50-day moving average price is $111.56 and its two-hundred day moving average price is $115.12.

Walt Disney (NYSE:DIS) last announced 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. 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 is currently 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.