Bedell Frazier Investment Counselling LLC Decreases Stock Position in The Walt Disney Company $DIS

Bedell Frazier Investment Counselling LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,018 shares of the entertainment giant’s stock after selling 6,279 shares during the quarter. Walt Disney makes up approximately 2.2% of Bedell Frazier Investment Counselling LLC’s investment portfolio, making the stock its 16th largest position. Bedell Frazier Investment Counselling LLC’s holdings in Walt Disney were worth $8,807,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. United Advisor Group LLC raised its position in shares of Walt Disney by 122.7% in the second quarter. United Advisor Group LLC now owns 8,090 shares of the entertainment giant’s stock valued at $1,003,000 after buying an additional 4,458 shares during the last quarter. First American Trust FSB raised its holdings in Walt Disney by 244.1% in the 2nd quarter. First American Trust FSB now owns 46,126 shares of the entertainment giant’s stock valued at $5,720,000 after acquiring an additional 32,723 shares during the last quarter. Empowered Funds LLC lifted its stake in Walt Disney by 2.6% in the 2nd quarter. Empowered Funds LLC now owns 106,394 shares of the entertainment giant’s stock worth $13,194,000 after purchasing an additional 2,649 shares in the last quarter. Vanguard Group Inc. lifted its stake in Walt Disney by 1.1% in the 2nd 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 in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Walt Disney by 6.2% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,703 shares of the entertainment giant’s stock worth $707,000 after purchasing an additional 333 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.0%

Walt Disney stock opened at $105.78 on Tuesday. The company has a market capitalization of $190.19 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a 50 day moving average price of $112.53 and a 200 day moving average price of $114.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 9.67% and a net margin of 12.22%.The business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current 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 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DIS shares. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report on Friday. Guggenheim reiterated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a report on Friday. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $134.41.

About Walt Disney

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.