Greenland Capital Management LP Invests $5.81 Million in The Walt Disney Company $DIS

Greenland Capital Management LP purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 46,865 shares of the entertainment giant’s stock, valued at approximately $5,812,000.

Several other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney in the 2nd quarter valued at approximately $4,220,599,000. Nuveen LLC purchased a new position in Walt Disney during the first quarter valued at $1,353,607,000. Boston Partners boosted its holdings in shares of Walt Disney by 83.7% during the 2nd quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after buying an additional 3,146,450 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.6%

Shares of NYSE:DIS opened at $106.34 on Wednesday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market capitalization of $189.85 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock’s 50-day simple moving average is $112.31 and its two-hundred day simple moving average is $114.94.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is 21.87%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup restated a “positive” rating on shares of Walt Disney in a report on Friday. Evercore ISI lifted their price target on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. UBS Group reissued a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.