Prospect Financial Services LLC Has $543,000 Holdings in The Walt Disney Company $DIS

Prospect Financial Services LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 30.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,378 shares of the entertainment giant’s stock after selling 1,948 shares during the period. Prospect Financial Services LLC’s holdings in Walt Disney were worth $543,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG grew its position in Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the second quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC raised its holdings in Walt Disney by 8,744.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Lodge Hill Capital LLC bought a new position in Walt Disney in the 1st quarter valued at approximately $24,373,000. Finally, Border to Coast Pensions Partnership Ltd boosted its position in Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after buying an additional 60,353 shares during the period. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DIS shares. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Nineteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Performance

DIS stock opened at $107.57 on Friday. The stock has a 50-day moving average price of $113.03 and a 200-day moving average price of $114.30. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 firm 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.

Walt Disney (NYSE:DIS) last released its 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. The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. As a group, equities research analysts expect 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. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is presently 15.67%.

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.