Bank of Nova Scotia Trust Co. Buys 938 Shares of The Walt Disney Company $DIS

Bank of Nova Scotia Trust Co. increased its stake in The Walt Disney Company (NYSE:DIS) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,012 shares of the entertainment giant’s stock after acquiring an additional 938 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in Walt Disney were worth $6,202,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Walt Disney in the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the second quarter worth approximately $49,000. Legacy Investment Solutions LLC bought a new position in Walt Disney during the second quarter valued at approximately $53,000. Finally, Wolff Wiese Magana LLC raised its position in Walt Disney by 41.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.1%

Shares of NYSE:DIS opened at $103.44 on Friday. The company has a market cap of $184.67 billion, a price-to-earnings ratio of 16.21, a PEG 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 current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $110.56 and a 200 day moving average price of $114.91.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. UBS Group reissued a “buy” rating and set a $138.00 price target on shares of Walt Disney in a report on Friday, November 14th. Citigroup reissued a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.