Oak Harvest Investment Services Reduces Stake in The Walt Disney Company $DIS

Oak Harvest Investment Services trimmed its stake in The Walt Disney Company (NYSE:DIS) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,134 shares of the entertainment giant’s stock after selling 3,761 shares during the period. Oak Harvest Investment Services’ holdings in Walt Disney were worth $7,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in Walt Disney by 82.5% during 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 in the last quarter. Harbor Asset Planning Inc. bought a new position in Walt Disney in the 2nd quarter worth about $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Walt Disney during the 1st quarter worth $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $107.57 on Friday. The company’s 50 day moving average is $113.03 and its 200 day moving average is $114.30. The company has a market cap of $193.41 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve 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, 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 for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 15.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Citigroup reiterated a “positive” rating on shares of Walt Disney in a research note on Friday. Finally, Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research note on Friday. Nineteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

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.