Advisors Asset Management Inc. Decreases Position in The Walt Disney Company $DIS

Advisors Asset Management Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,775 shares of the entertainment giant’s stock after selling 2,831 shares during the period. Advisors Asset Management Inc.’s holdings in Walt Disney were worth $3,568,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. J. Safra Sarasin Holding AG lifted its position in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the 2nd quarter worth about $4,220,599,000. Wedge Capital Management L L P NC lifted its holdings in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $24,373,000. Finally, Border to Coast Pensions Partnership Ltd grew its stake in Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after acquiring an additional 60,353 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $103.44 on Friday. The company has a market capitalization of $184.67 billion, a PE ratio of 16.21, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a 50-day simple moving average of $110.56 and a two-hundred day simple moving average of $114.91. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

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

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 21.87%.

Analyst Ratings Changes

Several analysts have recently weighed in on DIS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Eighteen equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.