American Century Companies Inc. Reduces Position in The Walt Disney Company $DIS

American Century Companies Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015,234 shares of the entertainment giant’s stock after selling 60,002 shares during the period. American Century Companies Inc. owned about 0.06% of Walt Disney worth $125,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the second quarter worth about $4,220,599,000. Nuveen LLC bought a new stake in Walt Disney during the 1st quarter worth approximately $1,353,607,000. Boston Partners raised its stake in Walt Disney by 83.7% during the 2nd quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock worth $854,537,000 after acquiring an additional 3,146,450 shares during the period. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in shares of Walt Disney in the second quarter worth approximately $245,757,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent analyst reports. Citigroup restated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Jefferies Financial Group dropped their price target on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research note 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. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Eighteen 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $101.96 on Tuesday. The firm has a fifty day simple moving average of $111.28 and a two-hundred day simple moving average of $115.09. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $182.03 billion, a P/E ratio of 15.98, a PEG ratio of 1.45 and a beta of 1.55.

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

Walt Disney Dividend Announcement

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