Dnca Finance Purchases New Holdings in The Walt Disney Company $DIS

Dnca Finance purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 122,519 shares of the entertainment giant’s stock, valued at approximately $15,194,000. Walt Disney accounts for approximately 1.2% of Dnca Finance’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently bought and sold shares of DIS. DiNuzzo Private Wealth Inc. grew its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new position in Walt Disney in the second quarter valued at about $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $49,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth approximately $53,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $53,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Finally, KeyCorp reissued a “sector weight” rating 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Trading Down 0.2%

Shares of Walt Disney stock opened at $105.25 on Friday. The company’s 50-day moving average price is $109.64 and its 200-day moving average price is $114.65. 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. The company has a market cap of $187.90 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.46 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. Walt Disney’s revenue was down .5% on a year-over-year basis. On average, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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 paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

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.