AssuredPartners Investment Advisors LLC Purchases 19,125 Shares of The Walt Disney Company $DIS

AssuredPartners Investment Advisors LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 474.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,154 shares of the entertainment giant’s stock after purchasing an additional 19,125 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in Walt Disney were worth $2,651,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DIS. HCR Wealth Advisors grew its stake in shares of Walt Disney by 0.7% in the 3rd quarter. HCR Wealth Advisors now owns 19,936 shares of the entertainment giant’s stock worth $2,236,000 after acquiring an additional 142 shares in the last quarter. Iowa State Bank boosted its holdings in Walt Disney by 36.8% during the third quarter. Iowa State Bank now owns 36,238 shares of the entertainment giant’s stock worth $4,149,000 after purchasing an additional 9,747 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in Walt Disney by 68.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 21,075 shares of the entertainment giant’s stock worth $2,413,000 after purchasing an additional 8,587 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Walt Disney by 0.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 32,808 shares of the entertainment giant’s stock valued at $3,757,000 after buying an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Walt Disney by 4.2% in the 3rd quarter. GAMMA Investing LLC now owns 31,717 shares of the entertainment giant’s stock valued at $3,632,000 after buying an additional 1,284 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 1.0%

Walt Disney stock opened at $110.43 on Tuesday. The firm has a 50 day simple moving average of $109.19 and a 200 day simple moving average of $114.62. 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 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $197.15 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.54 and a beta of 1.49.

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 firm had revenue of $22.46 billion for 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 for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given 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 payout ratio is presently 21.87%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DIS shares. Wells Fargo & Company reduced their target price on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Guggenheim reaffirmed a “buy” rating and set a $140.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Jefferies Financial Group cut their price target on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research report on Monday, December 8th. 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 company’s stock. According to data from MarketBeat, the stock has an average 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.