The Walt Disney Company $DIS is Lindsell Train Ltd’s 3rd Largest Position

Lindsell Train Ltd lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,087,276 shares of the entertainment giant’s stock after selling 193,565 shares during the quarter. Walt Disney comprises about 11.9% of Lindsell Train Ltd’s holdings, making the stock its 3rd largest position. Lindsell Train Ltd’s holdings in Walt Disney were worth $506,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CFO4Life Group LLC lifted its holdings in shares of Walt Disney by 5.6% during the second quarter. CFO4Life Group LLC now owns 7,802 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 417 shares during the period. Grandfield & Dodd LLC grew its holdings in shares of Walt Disney by 0.5% in the 2nd quarter. Grandfield & Dodd LLC now owns 235,333 shares of the entertainment giant’s stock worth $29,184,000 after acquiring an additional 1,192 shares during the period. Clearstead Trust LLC boosted its position in shares of Walt Disney by 0.8% in the 2nd quarter. Clearstead Trust LLC now owns 16,648 shares of the entertainment giant’s stock worth $2,065,000 after buying an additional 139 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Walt Disney during the second quarter worth about $301,000. Finally, WASHINGTON TRUST Co lifted its stake in shares of Walt Disney by 3.1% during the second quarter. WASHINGTON TRUST Co now owns 130,712 shares of the entertainment giant’s stock valued at $16,210,000 after buying an additional 3,945 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock opened at $105.87 on Friday. The stock’s 50 day simple moving average is $112.79 and its 200 day simple moving average is $114.41. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market cap of $190.34 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio is presently 15.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on DIS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a research note on Friday. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.