The Walt Disney Company $DIS Position Reduced by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 15.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,728,542 shares of the entertainment giant’s stock after selling 309,803 shares during the period. Walt Disney comprises 1.5% of Brandywine Global Investment Management LLC’s holdings, making the stock its 10th biggest holding. Brandywine Global Investment Management LLC owned about 0.10% of Walt Disney worth $214,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in DIS. AIMZ Investment Advisors LLC purchased a new position in shares of Walt Disney during the second quarter worth approximately $226,000. Hillsdale Investment Management Inc. grew its stake in Walt Disney by 267.0% in the second quarter. Hillsdale Investment Management Inc. now owns 39,230 shares of the entertainment giant’s stock worth $4,865,000 after purchasing an additional 28,540 shares in the last quarter. DNB Asset Management AS increased its holdings in Walt Disney by 8.3% during the 2nd quarter. DNB Asset Management AS now owns 477,616 shares of the entertainment giant’s stock worth $59,229,000 after purchasing an additional 36,463 shares during the period. Wealth Advisors of Iowa LLC purchased a new position in Walt Disney during the 2nd quarter worth $206,000. Finally, Swiss National Bank raised its position in Walt Disney by 7.1% during the 2nd quarter. Swiss National Bank now owns 5,472,225 shares of the entertainment giant’s stock valued at $678,611,000 after purchasing an additional 364,700 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 1.8%

NYSE DIS opened at $102.77 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a 50 day moving average price of $111.79 and a 200 day moving average price of $114.78. 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 firm has a market cap of $183.48 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The business had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 21.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cowen reissued a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim restated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a report on Friday, November 14th. Finally, Arete Research raised shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Eighteen research 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 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.