Corient Private Wealth LLC Sells 202,348 Shares of The Walt Disney Company $DIS

Corient Private Wealth LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,323,043 shares of the entertainment giant’s stock after selling 202,348 shares during the period. Corient Private Wealth LLC owned 0.07% of Walt Disney worth $164,071,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Walt Disney by 2.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,214 shares of the entertainment giant’s stock valued at $909,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in Walt Disney by 24.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,729 shares of the entertainment giant’s stock valued at $1,158,000 after buying an additional 2,270 shares during the last quarter. Raymond James Financial Inc. increased its position in Walt Disney by 3.5% in the 1st quarter. Raymond James Financial Inc. now owns 3,330,181 shares of the entertainment giant’s stock worth $328,689,000 after buying an additional 113,739 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Walt Disney by 9.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 102,954 shares of the entertainment giant’s stock worth $10,162,000 after buying an additional 9,296 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $111.52 on Monday. The firm 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 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 12-month low of $80.10 and a 12-month high of $124.69. The firm has a 50-day moving average price of $109.24 and a 200 day moving average price of $114.63.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the prior year, the company posted $1.14 EPS. The company’s revenue was down .5% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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 dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 14.58%.

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Evercore ISI raised their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Monday, December 8th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company 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.