Scotia Capital Inc. Sells 84,659 Shares of The Walt Disney Company $DIS

Scotia Capital Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 19.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 358,701 shares of the entertainment giant’s stock after selling 84,659 shares during the period. Scotia Capital Inc.’s holdings in Walt Disney were worth $44,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at about $4,220,599,000. Nuveen LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $1,353,607,000. Boston Partners raised its stake in Walt Disney by 84.2% in the second quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock valued at $856,582,000 after purchasing an additional 3,162,938 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in Walt Disney by 11,943.6% during the second quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after purchasing an additional 2,803,638 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.1%

Shares of NYSE:DIS opened at $103.44 on Friday. The stock has a market capitalization of $184.67 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The stock’s 50-day moving average price is $110.56 and its 200-day moving average price is $114.91. 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 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS) last issued its 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 return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the prior year, the business posted $1.14 EPS. Walt Disney’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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 issued a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DIS shares. KeyCorp restated a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Finally, UBS Group reissued a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Eighteen investment 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 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.