Spectrum Wealth Advisory Group LLC Sells 1,804 Shares of The Walt Disney Company $DIS

Spectrum Wealth Advisory Group LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 22.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,057 shares of the entertainment giant’s stock after selling 1,804 shares during the quarter. Walt Disney makes up about 0.3% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 27th largest holding. Spectrum Wealth Advisory Group LLC’s holdings in Walt Disney were worth $751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Walt Disney during the first quarter worth $899,000. Eagle Bluffs Wealth Management LLC boosted its position in Walt Disney by 1.7% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 16,634 shares of the entertainment giant’s stock valued at $1,642,000 after buying an additional 273 shares during the period. Sunpointe LLC increased its holdings in Walt Disney by 3.9% during the 1st quarter. Sunpointe LLC now owns 5,270 shares of the entertainment giant’s stock worth $520,000 after purchasing an additional 197 shares during the period. Finally, Mackenzie Financial Corp raised its position in Walt Disney by 9.1% during the 1st quarter. Mackenzie Financial Corp now owns 553,523 shares of the entertainment giant’s stock valued at $54,633,000 after purchasing an additional 46,381 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Wells Fargo & Company decreased their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Finally, Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $101.96 on Tuesday. The firm has a market capitalization of $182.03 billion, a P/E ratio of 15.98, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $111.28 and a 200 day moving average price of $115.09.

Walt Disney (NYSE:DIS) last posted 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 12.22% and a return on equity of 9.67%. The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter last year, the company posted $1.14 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid 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 presently 21.87%.

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.