Westpac Banking Corp Raises Holdings in The Walt Disney Company $DIS

Westpac Banking Corp raised its position in The Walt Disney Company (NYSE:DIS) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,427 shares of the entertainment giant’s stock after acquiring an additional 1,044 shares during the period. Westpac Banking Corp’s holdings in Walt Disney were worth $2,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. raised its position in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC purchased a new position in Walt Disney during the 2nd quarter worth approximately $49,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Walt Disney during the first quarter worth approximately $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.4%

Walt Disney stock traded up $1.53 during trading hours on Monday, reaching $107.33. 841,523 shares of the company’s stock were exchanged, compared to its average volume of 9,434,966. The firm has a market capitalization of $192.97 billion, a PE ratio of 16.72, a PEG ratio of 1.45 and a beta of 1.55. The firm’s 50 day simple moving average is $112.79 and its 200 day simple moving average is $114.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 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 company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The company 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 is 21.87%.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Jefferies Financial Group cut their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a report on Friday. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research report on Friday. Guggenheim reiterated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Friday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a report on Wednesday. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. 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 MarketBeat.com, Walt Disney 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.