AMJ Financial Wealth Management Invests $395,000 in The Walt Disney Company $DIS

AMJ Financial Wealth Management bought a new stake in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,187 shares of the entertainment giant’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the second quarter valued at about $4,220,599,000. Norges Bank purchased a new position in Walt Disney in the 2nd quarter valued at about $2,618,295,000. Nuveen LLC acquired a new stake in Walt Disney in the 1st quarter worth about $1,353,607,000. Boston Partners increased its stake in Walt Disney by 84.2% during the 2nd quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock worth $856,582,000 after buying an additional 3,162,938 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of Walt Disney by 11,943.6% during the second quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after acquiring an additional 2,803,638 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. UBS Group reaffirmed a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Guggenheim reaffirmed a “buy” rating and set a $140.00 target price on shares of Walt Disney in a report on Friday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Trading Up 2.1%

Shares of DIS opened at $106.68 on Tuesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $190.45 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.45 and a beta of 1.55. The firm has a 50-day moving average price of $110.26 and a 200 day moving average price of $114.87. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

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, beating the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is 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.