SevenBridge Financial Group LLC Decreases Stake in The Walt Disney Company $DIS

SevenBridge Financial Group LLC cut its position in The Walt Disney Company (NYSE:DIS) by 16.7% during the second quarter, HoldingsChannel reports. The firm owned 23,975 shares of the entertainment giant’s stock after selling 4,800 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Walt Disney were worth $2,726,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. V. M. Manning & CO. Inc. purchased a new position in Walt Disney in the second quarter valued at $1,386,000. Osaic Holdings Inc. increased its holdings in shares of Walt Disney by 33.6% in the 2nd quarter. Osaic Holdings Inc. now owns 636,316 shares of the entertainment giant’s stock valued at $76,518,000 after acquiring an additional 160,128 shares during the last quarter. American Trust acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $243,000. Total Investment Management Inc. acquired a new position in Walt Disney in the second quarter valued at approximately $37,000. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Walt Disney during the 2nd quarter worth approximately $8,441,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Cowen reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, November 13th. Evercore ISI lifted their price target on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Guggenheim reissued a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

Shares of DIS opened at $111.52 on Monday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a market capitalization of $199.10 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The company’s fifty day moving average is $109.24 and its two-hundred day moving average is $114.63.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s payout ratio is 14.58%.

Walt Disney Company 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.