The Walt Disney Company $DIS Shares Sold by Korea Investment CORP

Korea Investment CORP cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,183,964 shares of the entertainment giant’s stock after selling 192,462 shares during the quarter. Korea Investment CORP’s holdings in Walt Disney were worth $146,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its holdings in shares of 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 buying an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC acquired a new position in Walt Disney in the 2nd quarter worth approximately $49,000. Wealth Preservation Advisors LLC acquired a new position in Walt Disney in the 1st quarter worth approximately $53,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walt Disney during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $103.44 on Thursday. The firm has a market cap of $184.67 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The stock’s 50-day moving average is $110.79 and its two-hundred day moving average is $114.99. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share 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 business had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same period last year, the business earned $1.14 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The company 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 is Tuesday, June 30th. Walt Disney’s payout ratio is presently 21.87%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Morgan Stanley boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Jefferies Financial Group dropped their price target on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.