Archer Investment Corp Has $1.89 Million Position in The Walt Disney Company $DIS

Archer Investment Corp lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 86.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,261 shares of the entertainment giant’s stock after selling 100,218 shares during the period. Archer Investment Corp’s holdings in Walt Disney were worth $1,892,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. increased its position in 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 acquiring an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new position in Walt Disney during the 2nd quarter valued at $37,000. RMG Wealth Management LLC acquired a new position in Walt Disney during the 2nd quarter valued at $49,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Walt Disney in the 1st quarter valued at $53,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, November 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Cowen restated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Finally, Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Trading Down 1.8%

Shares of DIS opened at $102.77 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $183.48 billion, a PE ratio of 16.11, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a 50 day simple moving average of $111.79 and a 200-day simple moving average of $114.78.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict 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 given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

Walt Disney 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.