Grant Private Wealth Management Inc Takes $608,000 Position in The Walt Disney Company $DIS

Grant Private Wealth Management Inc acquired a new stake in The Walt Disney Company (NYSE:DIS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,310 shares of the entertainment giant’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth $4,220,599,000. Norges Bank acquired a new position in Walt Disney during the second quarter worth about $2,618,295,000. Viking Global Investors LP bought a new position in shares of Walt Disney in the second quarter worth about $725,219,000. Assenagon Asset Management S.A. boosted its stake in shares of Walt Disney by 231.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,711,353 shares of the entertainment giant’s stock valued at $539,450,000 after purchasing an additional 3,289,707 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Walt Disney by 84.2% during the 2nd quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock valued at $856,582,000 after purchasing an additional 3,162,938 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research report on Wednesday, November 12th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wells Fargo & Company lowered their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Arete Research raised shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $111.75 on Wednesday. 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 stock’s fifty day simple moving average is $109.17 and its two-hundred day simple moving average is $114.61. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The stock has a market cap of $199.50 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.49.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio 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.