B. Riley Wealth Advisors Inc. Invests $2.79 Million in The Walt Disney Company $DIS

B. Riley Wealth Advisors Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 22,501 shares of the entertainment giant’s stock, valued at approximately $2,790,000.

Several other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the second quarter worth approximately $37,000. Howard Hughes Medical Institute acquired a new position in Walt Disney in the 2nd quarter valued at $48,000. RMG Wealth Management LLC purchased a new position in Walt Disney in the 2nd quarter valued at $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Walt Disney in the 1st quarter valued at $53,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIS. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Citigroup restated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Wells Fargo & Company cut their price objective on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Finally, KeyCorp restated a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

Shares of DIS stock opened at $111.52 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $199.10 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49. The firm’s 50-day moving average is $109.24 and its two-hundred day moving average is $114.63. 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 results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 14.58%.

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.