Nikko Asset Management Americas Inc. Decreases Stake in The Walt Disney Company $DIS

Nikko Asset Management Americas Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,081 shares of the entertainment giant’s stock after selling 11,023 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Walt Disney were worth $14,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DIS. DiNuzzo Private Wealth Inc. boosted its holdings in shares of 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. bought a new position in Walt Disney during the second quarter valued at approximately $37,000. Howard Hughes Medical Institute purchased a new stake in Walt Disney in the second quarter worth approximately $48,000. RMG Wealth Management LLC bought a new stake in Walt Disney in the 2nd quarter worth approximately $49,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Walt Disney in the 1st quarter worth approximately $53,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on DIS shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Cowen restated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Arete Research raised shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Finally, UBS Group restated a “buy” rating and set a $138.00 target price 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

NYSE DIS opened at $111.52 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market cap of $199.10 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49. The company’s 50 day moving average is $109.24 and its two-hundred day moving average is $114.61.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The company’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. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 14.58%.

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.