Bank Julius Baer & Co. Ltd Zurich Sells 106,482 Shares of The Walt Disney Company $DIS

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,266,257 shares of the entertainment giant’s stock after selling 106,482 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of Walt Disney worth $157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney during the 2nd quarter valued at about $4,220,599,000. Nuveen LLC acquired a new stake in shares of Walt Disney during the first quarter worth approximately $1,353,607,000. Boston Partners raised its stake in shares of Walt Disney by 83.7% in the second quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after acquiring an additional 3,146,450 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Walt Disney by 9.4% in the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock worth $2,564,145,000 after acquiring an additional 1,774,772 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS opened at $101.96 on Tuesday. The stock has a market cap of $182.03 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 12 month low of $80.10 and a 12 month 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 company has a fifty day simple moving average of $111.28 and a 200 day simple moving average of $115.09.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share 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 firm had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

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

Analyst Upgrades and Downgrades

DIS has been the subject of several research analyst reports. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Guggenheim reissued a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, November 13th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Company 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.