Stance Capital LLC Buys Shares of 11,019 The Walt Disney Company $DIS

Stance Capital LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,019 shares of the entertainment giant’s stock, valued at approximately $1,366,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.1% in the second quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock worth $19,531,759,000 after purchasing an additional 1,639,123 shares during the last quarter. State Street Corp raised its stake in Walt Disney by 0.8% during the second quarter. State Street Corp now owns 79,643,043 shares of the entertainment giant’s stock valued at $9,915,465,000 after buying an additional 625,893 shares during the last quarter. Geode Capital Management LLC grew its position in Walt Disney by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock valued at $4,935,928,000 after purchasing an additional 458,077 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the 2nd quarter worth approximately $4,220,599,000. Finally, Norges Bank bought a new stake in Walt Disney in the 2nd quarter worth about $2,618,295,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DIS. Jefferies Financial Group reduced their price target on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Guggenheim restated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Evercore ISI boosted their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Finally, Cowen reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

NYSE DIS opened at $111.52 on Friday. The stock has a market capitalization of $199.10 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49. The stock has a 50-day moving average of $109.24 and a 200 day moving average of $114.61. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The company had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the business earned $1.14 EPS. Walt Disney’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio is presently 14.58%.

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.