Vanguard Group Inc. Has $19.53 Billion Stock Position in The Walt Disney Company $DIS

Vanguard Group Inc. boosted its position in The Walt Disney Company (NYSE:DIS) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,501,484 shares of the entertainment giant’s stock after acquiring an additional 1,639,123 shares during the period. Vanguard Group Inc. owned 8.76% of Walt Disney worth $19,531,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the 2nd quarter valued at about $4,220,599,000. Nuveen LLC acquired a new position in Walt Disney in the first quarter valued at approximately $1,353,607,000. Boston Partners boosted its stake in Walt Disney by 83.7% in the second quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after acquiring an additional 3,146,450 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after acquiring an additional 2,578,004 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Walt Disney by 9.4% during the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after acquiring an additional 1,774,772 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the 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 Price Performance

Shares of DIS opened at $105.78 on Tuesday. The stock has a 50 day simple moving average of $112.53 and a 200 day simple moving average of $114.84. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $190.19 billion, a PE ratio of 16.58, a P/E/G ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate 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 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

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