Arjuna Capital Sells 662 Shares of The Walt Disney Company $DIS

Arjuna Capital lowered its holdings in The Walt Disney Company (NYSE:DIS) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,113 shares of the entertainment giant’s stock after selling 662 shares during the quarter. Arjuna Capital’s holdings in Walt Disney were worth $1,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.1% in the second quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock valued at $19,531,759,000 after buying an additional 1,639,123 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Walt Disney by 1.2% during the second quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock worth $4,935,928,000 after acquiring an additional 458,077 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the 2nd quarter worth about $4,220,599,000. Norges Bank bought a new position in Walt Disney in the 2nd quarter valued at about $2,618,295,000. Finally, Jennison Associates LLC boosted its stake in Walt Disney by 9.4% during the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after purchasing an additional 1,774,772 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIS. Guggenheim reissued a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Tuesday, November 25th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Wall Street Zen lowered shares of 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Up 2.1%

DIS stock opened at $106.68 on Tuesday. The stock has a market cap 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 company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $110.26 and its two-hundred day simple moving average is $114.87. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

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

About Walt Disney

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.