Amundi Lowers Stock Position in The Walt Disney Company $DIS

Amundi reduced its position in The Walt Disney Company (NYSE:DIS) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,717,079 shares of the entertainment giant’s stock after selling 2,165,116 shares during the quarter. Amundi owned about 0.71% of Walt Disney worth $1,555,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock valued at $19,531,759,000 after purchasing an additional 1,639,123 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 buying an additional 458,077 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter valued at approximately $4,220,599,000. Norges Bank purchased a new stake in Walt Disney during the second quarter worth approximately $2,618,295,000. Finally, Jennison Associates LLC grew its stake in Walt Disney by 9.4% during the second 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. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.2%

Shares of NYSE:DIS opened at $105.49 on Friday. The firm has a market cap of $188.33 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. The company has a fifty day simple moving average of $109.81 and a 200 day simple moving average of $114.69. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. 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 announced its quarterly earnings data 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 company had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The company 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 payout ratio is currently 14.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Cowen reissued a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Jefferies Financial Group dropped their target price on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.