Commonwealth Equity Services LLC Has $83.61 Million Position in The Walt Disney Company $DIS

Commonwealth Equity Services LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 730,204 shares of the entertainment giant’s stock after selling 99,836 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Walt Disney were worth $83,608,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Earned Wealth Advisors LLC raised its holdings in Walt Disney by 4.4% in the 3rd quarter. Earned Wealth Advisors LLC now owns 4,220 shares of the entertainment giant’s stock worth $483,000 after acquiring an additional 178 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Walt Disney by 7.2% in the third quarter. Asset Management One Co. Ltd. now owns 919,289 shares of the entertainment giant’s stock valued at $105,259,000 after purchasing an additional 61,357 shares during the last quarter. Trust Co. of Oklahoma increased its stake in shares of Walt Disney by 0.9% in the third quarter. Trust Co. of Oklahoma now owns 13,612 shares of the entertainment giant’s stock worth $1,559,000 after purchasing an additional 120 shares during the period. Arrow Financial Corp lifted its position in shares of Walt Disney by 1.3% during the 3rd quarter. Arrow Financial Corp now owns 24,577 shares of the entertainment giant’s stock worth $2,814,000 after purchasing an additional 310 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Walt Disney by 0.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 61,654 shares of the entertainment giant’s stock valued at $7,059,000 after purchasing an additional 545 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Wells Fargo & Company reduced their price target 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. Guggenheim restated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a research report on Friday, November 14th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

Walt Disney Stock Performance

NYSE DIS opened at $114.10 on Tuesday. The stock has a market cap of $203.71 billion, a P/E ratio of 16.63, a PEG ratio of 1.54 and a beta of 1.44. 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 twelve month low of $80.10 and a twelve month high of $124.69. The company’s 50-day simple moving average is $109.62 and its 200 day simple moving average is $114.29.

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 analysts’ consensus estimates 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 the consensus estimate of $22.78 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

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 21.87%.

Walt Disney Company Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.