State of Wyoming Trims Stock Position in The Walt Disney Company $DIS

State of Wyoming cut its stake in The Walt Disney Company (NYSE:DIS) by 35.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,462 shares of the entertainment giant’s stock after selling 4,691 shares during the quarter. State of Wyoming’s holdings in Walt Disney were worth $1,049,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DIS. Vanguard Group Inc. boosted its position in Walt Disney by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock valued at $19,531,759,000 after acquiring an additional 1,639,123 shares in the last quarter. State Street Corp lifted its stake in shares of Walt Disney by 0.8% in the 2nd quarter. State Street Corp now owns 79,643,043 shares of the entertainment giant’s stock valued at $9,915,465,000 after purchasing an additional 625,893 shares during the period. Geode Capital Management LLC boosted its position in shares of Walt Disney by 1.2% during the second quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock valued at $4,935,928,000 after purchasing an additional 458,077 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the second quarter worth $4,220,599,000. Finally, Norges Bank bought a new position in Walt Disney in the second quarter worth $2,618,295,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Guggenheim restated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a report on Friday, November 14th. Jefferies Financial Group dropped their price objective 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. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a report on Friday, October 17th. Finally, Wells Fargo & Company cut their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Eighteen investment 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 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 $111.52 on Friday. The firm’s 50 day moving average price is $109.24 and its 200-day moving average price is $114.61. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $199.10 billion, a PE ratio of 16.26, a P/E/G ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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. The company had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

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

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.