RiverFront Investment Group LLC Has $1.63 Million Stock Position in The Walt Disney Company $DIS

RiverFront Investment Group LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 75.1% in the second quarter, HoldingsChannel.com reports. The firm owned 13,160 shares of the entertainment giant’s stock after purchasing an additional 5,646 shares during the quarter. RiverFront Investment Group LLC’s holdings in Walt Disney were worth $1,632,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Cowen restated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Guggenheim reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Finally, UBS Group reiterated a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a report 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

Walt Disney stock opened at $101.96 on Tuesday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company’s 50 day moving average price is $111.28 and its two-hundred day moving average price is $115.09. The stock has a market cap of $182.03 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same period last year, the business posted $1.14 earnings per share. Walt Disney’s revenue was down .5% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

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