Elevation Point Wealth Partners LLC Boosts Stock Position in The Walt Disney Company $DIS

Elevation Point Wealth Partners LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,323 shares of the entertainment giant’s stock after purchasing an additional 8,164 shares during the quarter. Walt Disney comprises about 0.5% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 28th largest holding. Elevation Point Wealth Partners LLC’s holdings in Walt Disney were worth $6,985,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Hobbs Wealth Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter worth $213,000. Baltimore Washington Financial Advisors Inc. increased its position in Walt Disney by 1.3% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 6,957 shares of the entertainment giant’s stock worth $863,000 after purchasing an additional 88 shares during the last quarter. GM Advisory Group LLC raised its stake in Walt Disney by 1.9% during the second quarter. GM Advisory Group LLC now owns 20,216 shares of the entertainment giant’s stock worth $2,507,000 after purchasing an additional 379 shares during the period. Quadrant Capital Group LLC boosted its holdings in Walt Disney by 14.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 49,324 shares of the entertainment giant’s stock valued at $6,117,000 after purchasing an additional 6,087 shares during the last quarter. Finally, Vinva Investment Management Ltd grew its stake in shares of Walt Disney by 36.8% in the 2nd quarter. Vinva Investment Management Ltd now owns 116,844 shares of the entertainment giant’s stock valued at $14,295,000 after buying an additional 31,427 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DIS shares. UBS Group reaffirmed a “buy” rating and set a $138.00 price target on shares of Walt Disney in a research report on Friday, November 14th. Evercore ISI lifted their target price on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Cowen reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have issued 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 a consensus target price of $134.41.

Walt Disney Trading Up 0.1%

Shares of NYSE DIS opened at $103.44 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $184.67 billion, a PE ratio of 16.21, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a fifty day simple moving average of $110.79 and a 200-day simple moving average of $114.99.

Walt Disney (NYSE:DIS) last announced 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. The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s payout ratio is 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.