Blueshift Asset Management LLC Reduces Stake in The Walt Disney Company $DIS

Blueshift Asset Management LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 50.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,349 shares of the entertainment giant’s stock after selling 23,492 shares during the period. Walt Disney accounts for 0.9% of Blueshift Asset Management LLC’s portfolio, making the stock its 10th biggest position. Blueshift Asset Management LLC’s holdings in Walt Disney were worth $2,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. IFG Advisory LLC increased its position in Walt Disney by 5.1% during the 1st quarter. IFG Advisory LLC now owns 4,511 shares of the entertainment giant’s stock valued at $445,000 after buying an additional 218 shares in the last quarter. Liberty Wealth Management LLC raised its stake in Walt Disney by 214.3% during the first quarter. Liberty Wealth Management LLC now owns 23,949 shares of the entertainment giant’s stock valued at $2,364,000 after buying an additional 16,328 shares during the last quarter. Clearstead Trust LLC boosted its holdings in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock worth $1,629,000 after acquiring an additional 99 shares in the last quarter. Finally, Solitude Financial Services bought a new position in shares of Walt Disney during the first quarter valued at $265,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 2.1%

NYSE:DIS opened at $106.68 on Tuesday. The company has a market cap of $190.45 billion, a PE ratio of 16.72, a price-to-earnings-growth 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 company has a 50 day simple moving average of $110.26 and a two-hundred day simple moving average of $114.87. 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 released its quarterly earnings results 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 return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same period last year, the business posted $1.14 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company decreased their target price on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Guggenheim reissued a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research report on Friday, November 14th. Eighteen equities 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney 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.