Tobias Financial Advisors Inc. Makes New Investment in The Walt Disney Company $DIS

Tobias Financial Advisors Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS) during the second quarter, HoldingsChannel reports. The firm acquired 1,669 shares of the entertainment giant’s stock, valued at approximately $207,000.

Several other hedge funds have also made changes to their positions in the business. DiNuzzo Private Wealth Inc. raised its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the second quarter worth approximately $49,000. Legacy Investment Solutions LLC acquired a new stake in shares of Walt Disney during the second quarter worth $53,000. Finally, Wolff Wiese Magana LLC grew its position in Walt Disney by 41.5% in the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIS. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. Citigroup restated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Price Performance

DIS stock opened at $104.35 on Friday. The firm has a 50 day moving average of $110.37 and a 200-day moving average of $114.89. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 company has a market cap of $186.29 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping 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 analysts’ expectations of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The company’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued 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 21.87%.

About Walt Disney

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.