Chesley Taft & Associates LLC Reduces Stock Position in The Walt Disney Company $DIS

Chesley Taft & Associates LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 164,903 shares of the entertainment giant’s stock after selling 22,875 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Walt Disney were worth $18,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC increased its holdings in shares of Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares during the period. Lodge Hill Capital LLC purchased a new stake in shares of Walt Disney in the first quarter worth $24,373,000. Border to Coast Pensions Partnership Ltd grew its position in Walt Disney by 13.6% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after buying an additional 60,353 shares in the last quarter. Finally, Chapin Davis Inc. increased its stake in Walt Disney by 10.4% in the 2nd quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock worth $3,735,000 after acquiring an additional 2,828 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Jefferies Financial Group dropped their price objective on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Down 0.9%

DIS opened at $110.56 on Thursday. The company has a market cap of $197.39 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.54 and a beta of 1.49. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The business’s 50-day moving average price is $109.15 and its 200-day moving average price is $114.58. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last announced 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 firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’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 EPS for the current year.

Walt Disney Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

About Walt Disney

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.