The Walt Disney Company $DIS is Quintet Private Bank Europe S.A.’s 6th Largest Position

Quintet Private Bank Europe S.A. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 560,472 shares of the entertainment giant’s stock after selling 37,090 shares during the quarter. Walt Disney makes up about 3.6% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 6th largest position. Quintet Private Bank Europe S.A.’s holdings in Walt Disney were worth $64,174,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIS. DiNuzzo Private Wealth Inc. grew its position in Walt Disney by 82.5% during the second 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 during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at $37,000. Total Investment Management Inc. bought a new position in shares of Walt Disney during the 2nd quarter valued at $37,000. Howard Hughes Medical Institute purchased a new position in Walt Disney in the 2nd quarter worth $48,000. Finally, RMG Wealth Management LLC bought a new stake in Walt Disney in the second quarter worth $49,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $111.75 on Wednesday. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $199.50 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.53 and a beta of 1.49. The business’s 50 day moving average price is $109.17 and its 200-day moving average price is $114.61.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.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. On average, equities research analysts anticipate 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. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s payout ratio is presently 21.87%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIS. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Rosenblatt Securities restated a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. UBS Group reaffirmed a “buy” rating and issued a $138.00 price target on shares of Walt Disney in a research note on Friday, November 14th. Cowen reissued a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Nineteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.