Pitcairn Co. Decreases Stock Holdings in The Walt Disney Company $DIS

Pitcairn Co. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 14.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 46,915 shares of the entertainment giant’s stock after selling 8,240 shares during the period. Pitcairn Co.’s holdings in Walt Disney were worth $5,818,000 as of its most recent SEC filing.

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

Walt Disney Stock Up 0.1%

Shares of DIS stock opened at $111.52 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company’s fifty day moving average price is $109.24 and its 200-day moving average price is $114.61. The company has a market capitalization of $199.10 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49.

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 analysts’ consensus estimates of $1.03 by $0.08. The business had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is presently 14.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Monday, December 8th. UBS Group restated a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. Cowen reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Walt Disney presently 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.