Journey Strategic Wealth LLC Has $2.50 Million Stake in The Walt Disney Company $DIS

Journey Strategic Wealth LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 25.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,189 shares of the entertainment giant’s stock after acquiring an additional 4,076 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Walt Disney were worth $2,504,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. raised its position in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in Walt Disney in the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC acquired a new position in Walt Disney during the 2nd quarter worth approximately $49,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $53,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $102.77 on Friday. The company has a market cap of $183.48 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm’s fifty day moving average price is $111.79 and its two-hundred day moving average price is $114.78. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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 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 firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the prior year, the firm earned $1.14 EPS. The business’s revenue was down .5% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 21.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Cowen reiterated a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. UBS Group restated a “buy” rating and set a $138.00 target price on shares of Walt Disney in a report on Friday, November 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, November 13th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $134.41.

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.