Purus Wealth Management LLC Takes $242,000 Position in The Walt Disney Company $DIS

Purus Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,954 shares of the entertainment giant’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kondo Wealth Advisors Inc. increased its holdings in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after buying an additional 84 shares during the period. Cornerstone Advisory LLC increased its stake in Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after acquiring an additional 86 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 87 shares during the last quarter. Finally, Apollon Financial LLC boosted its holdings in shares of Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $105.78 on Tuesday. The stock’s 50-day moving average is $112.53 and its 200-day moving average is $114.84. 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 market cap of $190.19 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted 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 firm had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is presently 21.87%.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research analyst reports. Evercore ISI boosted their price target on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company lowered their price objective 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. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.