Johnson Financial Group LLC Buys New Stake in The Walt Disney Company $DIS

Johnson Financial Group LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,743 shares of the entertainment giant’s stock, valued at approximately $216,000.

Other large investors also recently modified their holdings of the company. Kondo Wealth Advisors Inc. boosted its holdings in shares of Walt Disney by 1.2% in the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares in the last quarter. Cornerstone Advisory LLC lifted its position in Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. boosted its stake in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC increased its position in shares of Walt Disney by 3.3% during the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares during the period. Finally, Apollon Financial LLC increased its position in shares of Walt Disney by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after purchasing an additional 87 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS opened at $105.87 on Monday. The firm has a market capitalization of $190.34 billion, a P/E ratio of 16.59, a PEG ratio of 1.45 and a beta of 1.55. The stock has a fifty day moving average of $112.79 and a 200-day moving average of $114.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping 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 business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period last year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group reduced their price objective on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research report on Friday. UBS Group reaffirmed a “buy” rating and issued a $138.00 price objective on shares of Walt Disney in a research note on Friday. Guggenheim reissued a “buy” rating and set a $140.00 target price on shares of Walt Disney in a research note on Friday. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.