Cerity Partners LLC Boosts Holdings in The Walt Disney Company $DIS

Cerity Partners LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,152,806 shares of the entertainment giant’s stock after purchasing an additional 30,239 shares during the period. Cerity Partners LLC owned approximately 0.06% of Walt Disney worth $142,970,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DIS. Vanguard Group Inc. grew 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 worth $19,531,759,000 after acquiring an additional 1,639,123 shares in the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 458,077 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the second quarter valued at $4,220,599,000. Norges Bank acquired a new position in Walt Disney during the 2nd quarter worth $2,618,295,000. Finally, Jennison Associates LLC grew 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 purchasing an additional 1,774,772 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $105.25 on Friday. 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. The firm’s 50 day moving average is $109.64 and its two-hundred day moving average is $114.65. The firm has a market capitalization of $187.90 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.46 and a beta of 1.49.

Walt Disney (NYSE:DIS) last issued 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 business had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DIS shares. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. 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 company. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price 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.