Alteri Wealth LLC Buys 519 Shares of The Walt Disney Company $DIS

Alteri Wealth LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,911 shares of the entertainment giant’s stock after acquiring an additional 519 shares during the quarter. Walt Disney makes up approximately 0.8% of Alteri Wealth LLC’s holdings, making the stock its 19th biggest position. Alteri Wealth LLC’s holdings in Walt Disney were worth $1,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors raised its stake in Walt Disney by 27.9% during the 2nd quarter. TRUE Private Wealth Advisors now owns 3,801 shares of the entertainment giant’s stock worth $471,000 after acquiring an additional 830 shares during the period. FineMark National Bank & Trust boosted its position in shares of Walt Disney by 0.4% in the second quarter. FineMark National Bank & Trust now owns 105,732 shares of the entertainment giant’s stock worth $13,112,000 after purchasing an additional 416 shares during the period. Primecap Management Co. CA increased its stake in shares of Walt Disney by 2.4% in the second quarter. Primecap Management Co. CA now owns 6,345,497 shares of the entertainment giant’s stock worth $786,905,000 after purchasing an additional 151,073 shares in the last quarter. Traub Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $213,000. Finally, Greenland Capital Management LP purchased a new position in shares of Walt Disney during the 2nd quarter valued at $5,812,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on DIS shares. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Guggenheim reiterated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a report on Friday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Eighteen research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Price Performance

Shares of NYSE DIS opened at $106.34 on Wednesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50-day simple moving average of $112.31 and a two-hundred day simple moving average of $114.94. 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 company has a market cap of $189.85 billion, a PE ratio of 16.67, a P/E/G ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This represents a dividend 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%.

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.