Itau Unibanco Holding S.A. Sells 9,495 Shares of The Walt Disney Company $DIS

Itau Unibanco Holding S.A. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 61.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,897 shares of the entertainment giant’s stock after selling 9,495 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Walt Disney were worth $731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the 1st quarter valued at $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in 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 buying an additional 94 shares during the period. Harbor Asset Planning Inc. bought a new stake in Walt Disney during the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new stake in Walt Disney during the 2nd quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Walt Disney in the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DIS. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a report on Wednesday. UBS Group reaffirmed a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research note on Friday. Jefferies Financial Group dropped their price target on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Evercore ISI boosted their target price on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Trading Down 1.6%

NYSE:DIS opened at $105.87 on Friday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business has a fifty day moving average price of $112.79 and a 200-day moving average price of $114.57. The firm has a market capitalization of $190.34 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth 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 released its earnings results 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 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 quarter last year, the business earned $1.14 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued 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 payout ratio is 21.87%.

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.