Grandfield & Dodd LLC Acquires 1,192 Shares of The Walt Disney Company $DIS

Grandfield & Dodd LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,333 shares of the entertainment giant’s stock after acquiring an additional 1,192 shares during the period. Walt Disney accounts for approximately 1.7% of Grandfield & Dodd LLC’s holdings, making the stock its 20th biggest holding. Grandfield & Dodd LLC’s holdings in Walt Disney were worth $29,184,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kondo Wealth Advisors Inc. raised its stake in Walt Disney by 1.2% in the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after buying an additional 84 shares in the last quarter. Cornerstone Advisory LLC lifted its stake in shares of Walt Disney by 1.5% in the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Walt Disney by 3.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares during the period. Childress Capital Advisors LLC boosted its position in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares in the last quarter. Finally, Apollon Financial LLC grew its stake in Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after purchasing an additional 87 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Citigroup restated a “positive” rating on shares of Walt Disney in a report on Friday. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a research report on Friday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Walt Disney in a research note on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Trading Down 7.8%

Shares of NYSE:DIS opened at $107.57 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock’s fifty day moving average price is $113.03 and its 200-day moving average price is $114.30. The company has a market cap of $193.41 billion, a P/E ratio of 16.86, a PEG ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

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

Walt Disney Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 15.67%.

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.