The Walt Disney Company $DIS Shares Sold by Wernau Asset Management Inc.

Wernau Asset Management Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 34.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,269 shares of the entertainment giant’s stock after selling 5,420 shares during the period. Walt Disney makes up about 0.9% of Wernau Asset Management Inc.’s holdings, making the stock its 16th biggest position. Wernau Asset Management Inc.’s holdings in Walt Disney were worth $1,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. J. Safra Sarasin Holding AG lifted its stake in Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC increased its holdings in shares of Walt Disney by 8,744.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after purchasing an additional 316,707 shares during the period. Lodge Hill Capital LLC purchased a new stake in shares of Walt Disney in the first quarter worth approximately $24,373,000. Finally, Border to Coast Pensions Partnership Ltd grew its position in Walt Disney by 13.6% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after purchasing an additional 60,353 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DIS shares. Morgan Stanley lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Finally, Wells Fargo & Company dropped their price target on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Up 0.9%

DIS opened at $105.62 on Thursday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $188.57 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.45 and a beta of 1.55. The business has a 50 day moving average of $112.08 and a 200-day moving average of $114.87.

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

Walt Disney Announces Dividend

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