45,514 Shares in The Walt Disney Company $DIS Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,514 shares of the entertainment giant’s stock, valued at approximately $5,644,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. increased 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 worth $26,000 after acquiring an additional 94 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC acquired a new stake in shares of Walt Disney during the second quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at approximately $53,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

DIS opened at $101.96 on Tuesday. The stock has a market cap of $182.03 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.45 and a beta of 1.55. 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 fifty day moving average price of $111.28 and a 200 day moving average price of $115.09.

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 the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. Analysts forecast 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. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is presently 21.87%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Wells Fargo & Company dropped their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.