Granite Investment Partners LLC Has $5.12 Million Position in The Walt Disney Company $DIS

Granite Investment Partners LLC increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 32.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,321 shares of the entertainment giant’s stock after acquiring an additional 10,073 shares during the quarter. Granite Investment Partners LLC’s holdings in Walt Disney were worth $5,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. DiNuzzo Private Wealth Inc. grew its stake in shares of Walt Disney by 82.5% in the 2nd 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. acquired a new stake in Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $49,000. Wealth Preservation Advisors LLC acquired a new position in shares of Walt Disney during the first quarter worth approximately $53,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Walt Disney in the 2nd quarter worth $53,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Cowen restated a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Guggenheim reissued a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a report on Friday, October 17th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

Shares of DIS opened at $106.68 on Tuesday. The stock has a 50 day moving average of $110.26 and a 200 day moving average of $114.87. The company has a market capitalization of $190.45 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 12 month low of $80.10 and a 12 month 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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business 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 firm earned $1.14 earnings per share. The business’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

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.