Wellington Capital Management Inc. Buys Shares of 7,355 The Walt Disney Company $DIS

Wellington Capital Management Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,355 shares of the entertainment giant’s stock, valued at approximately $912,000. Walt Disney makes up 1.3% of Wellington Capital Management Inc.’s portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in DIS. DiNuzzo Private Wealth Inc. grew its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney during the 2nd quarter worth $37,000. Howard Hughes Medical Institute purchased a new stake in shares of Walt Disney in the second quarter valued at $48,000. RMG Wealth Management LLC acquired a new position in Walt Disney in the second quarter valued at $49,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in Walt Disney in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $111.52 on Friday. The company has a 50-day moving average of $109.24 and a two-hundred day moving average of $114.61. The stock has a market cap of $199.10 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is 14.58%.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup reiterated a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Wells Fargo & Company dropped their target price on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Finally, UBS Group reiterated a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

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.