JB Capital LLC Trims Holdings in The Walt Disney Company $DIS

JB Capital LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 30.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,413 shares of the entertainment giant’s stock after selling 19,022 shares during the period. JB Capital LLC’s holdings in Walt Disney were worth $4,971,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DIS. Copeland Capital Management LLC purchased a new stake in Walt Disney in the 3rd quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney during the second quarter worth $37,000. Total Investment Management Inc. purchased a new stake in shares of Walt Disney in the second quarter valued at $37,000. Finally, Navigoe LLC increased its stake in Walt Disney by 89.2% in the third quarter. Navigoe LLC now owns 403 shares of the entertainment giant’s stock valued at $46,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6%

NYSE DIS opened at $114.82 on Wednesday. The firm has a market capitalization of $204.99 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company’s 50 day moving average price is $109.55 and its 200 day moving average price is $114.42.

Walt Disney (NYSE:DIS) last released 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 13.14% and a return on equity of 9.37%. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

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

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Citigroup reiterated a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Walt Disney in a research note on Monday. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Company Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.