Ade LLC Takes Position in The Walt Disney Company $DIS

Ade LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,629 shares of the entertainment giant’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Garrett Wealth Advisory Group LLC boosted its position in Walt Disney by 2.5% in the second quarter. Garrett Wealth Advisory Group LLC now owns 6,435 shares of the entertainment giant’s stock valued at $798,000 after buying an additional 155 shares in the last quarter. Cumberland Partners Ltd bought a new position in shares of Walt Disney in the 2nd quarter valued at $2,792,000. Howe & Rusling Inc. boosted its holdings in shares of Walt Disney by 2.7% during the 2nd quarter. Howe & Rusling Inc. now owns 44,315 shares of the entertainment giant’s stock valued at $5,496,000 after acquiring an additional 1,170 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in shares of Walt Disney by 163.2% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 8,080 shares of the entertainment giant’s stock valued at $1,002,000 after acquiring an additional 5,010 shares in the last quarter. Finally, NFP Retirement Inc. bought a new stake in Walt Disney during the 2nd quarter worth $225,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Guggenheim reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Jefferies Financial Group cut their target price on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Down 1.5%

Walt Disney stock opened at $104.66 on Thursday. The firm has a market cap of $186.84 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.45 and a beta of 1.55. 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 50 day moving average price of $112.08 and a two-hundred day moving average price of $114.87.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s payout ratio is currently 21.87%.

Walt Disney Company 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.