SVB Wealth LLC Purchases New Shares in The Walt Disney Company $DIS

SVB Wealth LLC purchased a new position in The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,903 shares of the entertainment giant’s stock, valued at approximately $1,352,000.

Other hedge funds also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its position in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the second quarter valued at $37,000. Howard Hughes Medical Institute acquired a new stake in shares of Walt Disney in the second quarter worth $48,000. RMG Wealth Management LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Walt Disney during the first quarter valued at approximately $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $107.60 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market cap of $192.09 billion, a PE ratio of 15.68, a PEG ratio of 1.46 and a beta of 1.49. The company’s 50 day moving average price is $109.50 and its two-hundred day moving average price is $114.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. Walt Disney’s revenue was down .5% compared to the same quarter last year. Equities research 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 announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is currently 14.58%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DIS shares. Evercore ISI raised their price target on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Monday, December 1st. Finally, Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

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.