Annandale Capital LLC Trims Stock Holdings in The Walt Disney Company $DIS

Annandale Capital LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 96.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,739 shares of the entertainment giant’s stock after selling 47,958 shares during the period. Annandale Capital LLC’s holdings in Walt Disney were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 worth $19,531,759,000 after purchasing an additional 1,639,123 shares during the period. Geode Capital Management LLC boosted its holdings in Walt Disney by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock worth $4,935,928,000 after buying an additional 458,077 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter worth $4,220,599,000. Norges Bank purchased a new stake in Walt Disney in the 2nd quarter worth $2,618,295,000. Finally, Jennison Associates LLC raised its holdings 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 valued at $2,564,145,000 after acquiring an additional 1,774,772 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.2%

Shares of DIS stock opened at $105.49 on Friday. The company 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 Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock’s 50 day simple moving average is $109.81 and its two-hundred day simple moving average is $114.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The firm had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio is currently 14.58%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIS. Jefferies Financial Group dropped their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Thursday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

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.