The Walt Disney Company $DIS Shares Bought by DNB Asset Management AS

DNB Asset Management AS raised its position in shares of The Walt Disney Company (NYSE:DIS) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477,616 shares of the entertainment giant’s stock after acquiring an additional 36,463 shares during the quarter. DNB Asset Management AS’s holdings in Walt Disney were worth $59,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kondo Wealth Advisors Inc. raised its stake in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after purchasing an additional 84 shares during the last quarter. Cornerstone Advisory LLC raised its position in shares of Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after buying an additional 86 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after buying an additional 87 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Walt Disney by 3.3% in the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after buying an additional 87 shares in the last quarter. Finally, Apollon Financial LLC boosted its position in Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.8%

DIS opened at $102.77 on Friday. The stock has a market capitalization of $183.48 billion, a PE ratio of 16.11, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a one year low of $80.10 and a one year 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 business’s 50 day moving average price is $111.79 and its 200 day moving average price is $114.78.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

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

Analyst Ratings Changes

DIS has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research report on Wednesday, November 12th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Morgan Stanley upped their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

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.