Western Wealth Management LLC Has $1.88 Million Stock Holdings in The Walt Disney Company $DIS

Western Wealth Management LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,186 shares of the entertainment giant’s stock after purchasing an additional 981 shares during the period. Western Wealth Management LLC’s holdings in Walt Disney were worth $1,883,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DIS. Financial Gravity Companies Inc. acquired a new stake in Walt Disney in the second quarter valued at about $2,718,000. Kingsview Wealth Management LLC lifted its holdings in shares of Walt Disney by 1.9% in the second quarter. Kingsview Wealth Management LLC now owns 40,988 shares of the entertainment giant’s stock worth $5,083,000 after acquiring an additional 774 shares during the last quarter. Pinney & Scofield Inc. boosted its stake in shares of Walt Disney by 19.4% in the 2nd quarter. Pinney & Scofield Inc. now owns 1,158 shares of the entertainment giant’s stock valued at $144,000 after purchasing an additional 188 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in shares of Walt Disney by 53.9% during the 2nd quarter. Cornerstone Advisors LLC now owns 137,100 shares of the entertainment giant’s stock valued at $17,002,000 after purchasing an additional 48,000 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in Walt Disney by 13.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 259,175 shares of the entertainment giant’s stock worth $32,140,000 after purchasing an additional 31,081 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 1.3%

DIS stock opened at $107.16 on Monday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The firm has a market capitalization of $192.67 billion, a PE ratio of 16.72, a PEG ratio of 1.45 and a beta of 1.55. 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 stock has a 50-day simple moving average of $112.79 and a two-hundred day simple moving average of $114.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Walt Disney’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The firm 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 of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s payout ratio is presently 21.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Arete Research upgraded Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a research note on Friday. Evercore ISI raised their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group restated a “buy” rating and issued a $138.00 target price on shares of Walt Disney in a research note on Friday. Finally, Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research note on Friday. Eighteen research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.