Investment House LLC Has $4.08 Million Stock Position in The Walt Disney Company $DIS

Investment House LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 532.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 32,892 shares of the entertainment giant’s stock after purchasing an additional 27,692 shares during the period. Investment House LLC’s holdings in Walt Disney were worth $4,079,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock worth $19,531,759,000 after acquiring an additional 1,639,123 shares during the period. State Street Corp raised its stake in 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 acquiring an additional 625,893 shares during the period. Geode Capital Management LLC lifted its holdings in Walt Disney by 1.2% during the 2nd 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 during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney during the 2nd quarter valued at $4,220,599,000. Finally, Norges Bank bought a new position in Walt Disney during the second quarter worth $2,618,295,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $108.85 on Thursday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company’s 50 day moving average price is $109.27 and its two-hundred day moving average price is $114.60. The firm has a market cap of $194.33 billion, a PE ratio of 15.87, a PEG ratio of 1.48 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31.

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, beating analysts’ consensus estimates of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently announced 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 14.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIS. Evercore ISI increased their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. UBS Group restated a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a research report on Friday, November 14th. Finally, Jefferies Financial Group decreased their target price on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

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.