Virtus Advisers LLC Takes $85,000 Position in The Walt Disney Company $DIS

Virtus Advisers LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, HoldingsChannel reports. The firm acquired 687 shares of the entertainment giant’s stock, valued at approximately $85,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the 2nd quarter worth approximately $49,000. Wealth Preservation Advisors LLC acquired a new position in Walt Disney in the 1st quarter valued at $53,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Citigroup reiterated a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Evercore ISI boosted their target price 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. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, November 13th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $104.35 on Monday. 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 business has a 50 day moving average price of $110.37 and a 200 day moving average price of $114.91. The company has a market cap of $186.29 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

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, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

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

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.