The Walt Disney Company $DIS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in The Walt Disney Company (NYSE:DISFree Report) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,339,344 shares of the entertainment giant’s stock after selling 1,000,320 shares during the period. Bank of New York Mellon Corp owned about 0.85% of Walt Disney worth $1,756,355,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Copeland Capital Management LLC bought a new position in Walt Disney during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the 3rd quarter worth approximately $33,000. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $37,000. Finally, Total Investment Management Inc. bought a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $37,000. 65.71% of the stock is currently owned by institutional investors.

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Walt Disney Stock Performance

Shares of DIS stock opened at $110.61 on Wednesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $197.46 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. The business has a 50 day simple moving average of $110.23 and a 200 day simple moving average of $113.29.

Walt Disney (NYSE:DISGet Free Report) 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. 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 during the quarter, compared to analyst estimates of $22.78 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is presently 21.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Phillip Securities raised shares of Walt Disney to a “moderate buy” rating in a report on Monday, January 12th. Evercore ISI lifted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Citigroup dropped their price objective on shares of Walt Disney from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Walt Disney in a report on Monday, December 29th. Nineteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $135.20.

Check Out Our Latest Report on Walt Disney

Walt Disney Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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