Benedict Financial Advisors Inc. Acquires Shares of 13,661 The Walt Disney Company $DIS

Benedict Financial Advisors Inc. acquired a new position in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,661 shares of the entertainment giant’s stock, valued at approximately $1,694,000.

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

Walt Disney Stock Performance

Shares of DIS stock opened at $104.97 on Wednesday. The company has a market cap of $187.40 billion, a P/E ratio of 15.30, a PEG ratio of 1.48 and a beta of 1.49. The business has a 50 day moving average of $110.11 and a two-hundred day moving average of $114.82. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results 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 firm had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued 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 is 14.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DIS shares. Evercore ISI raised their target price on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Stephens restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Arete Research upgraded Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.