Bernardo Wealth Planning LLC Makes New Investment in The Walt Disney Company $DIS

Bernardo Wealth Planning LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,967 shares of the entertainment giant’s stock, valued at approximately $244,000.

A number of other institutional investors also recently bought and sold shares of DIS. J. Safra Sarasin Holding AG raised its position in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the second quarter valued at $4,220,599,000. Wedge Capital Management L L P NC raised its holdings in shares of Walt Disney by 8,744.0% in 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 during the period. Lodge Hill Capital LLC acquired a new position in Walt Disney during the 1st quarter worth about $24,373,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DIS shares. Evercore ISI boosted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, November 13th. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Stock Performance

Shares of DIS stock opened at $104.35 on Friday. The company has a market cap of $186.29 billion, a P/E ratio of 16.36, a PEG ratio of 1.45 and a beta of 1.55. The firm has a fifty day moving average price of $110.37 and a 200 day moving average price of $114.89. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last posted 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. 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%.Walt Disney’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

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

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.