The Walt Disney Company $DIS Shares Sold by Round Hill Asset Management

Round Hill Asset Management cut its holdings in The Walt Disney Company (NYSE:DIS) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,091 shares of the entertainment giant’s stock after selling 1,320 shares during the quarter. Walt Disney comprises approximately 6.9% of Round Hill Asset Management’s portfolio, making the stock its 3rd largest holding. Round Hill Asset Management’s holdings in Walt Disney were worth $10,180,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DIS. OMERS ADMINISTRATION Corp increased its position in Walt Disney by 2.1% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 77,179 shares of the entertainment giant’s stock valued at $9,571,000 after acquiring an additional 1,600 shares during the period. Fisher Asset Management LLC lifted its position in Walt Disney by 2.3% during the 2nd quarter. Fisher Asset Management LLC now owns 46,179 shares of the entertainment giant’s stock worth $5,727,000 after acquiring an additional 1,052 shares during the period. Virtus Advisers LLC purchased a new position in shares of Walt Disney in the 2nd quarter valued at approximately $85,000. Bernardo Wealth Planning LLC purchased a new position in shares of Walt Disney in the 2nd quarter valued at approximately $244,000. Finally, Tobias Financial Advisors Inc. acquired a new position in shares of Walt Disney in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $104.35 on Monday. The firm has a 50 day moving average of $110.37 and a 200-day moving average of $114.91. The company has a market cap of $186.29 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.45 and a beta of 1.55. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 firm had revenue of $22.46 billion during 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%.Walt Disney’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. As a group, equities analysts expect 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. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is presently 21.87%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DIS. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Guggenheim reissued a “buy” rating and set a $140.00 price target on shares of Walt Disney in a report on Friday, November 14th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, UBS Group reissued a “buy” rating and issued a $138.00 price target on shares of Walt Disney in a report on Friday, November 14th. 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 presently has an average rating of “Moderate Buy” and an average price target 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.