Empowered Funds LLC Buys 2,649 Shares of The Walt Disney Company $DIS

Empowered Funds LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the second quarter, Holdings Channel.com reports. The fund owned 106,394 shares of the entertainment giant’s stock after acquiring an additional 2,649 shares during the period. Empowered Funds LLC’s holdings in Walt Disney were worth $13,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock valued at $19,531,759,000 after acquiring an additional 1,639,123 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in Walt Disney by 6.2% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,703 shares of the entertainment giant’s stock valued at $707,000 after purchasing an additional 333 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in Walt Disney by 15.0% during the second quarter. Frank Rimerman Advisors LLC now owns 19,557 shares of the entertainment giant’s stock worth $2,425,000 after purchasing an additional 2,545 shares during the period. Nordwand Advisors LLC grew its stake in Walt Disney by 9,770.6% during the second quarter. Nordwand Advisors LLC now owns 1,678 shares of the entertainment giant’s stock worth $208,000 after buying an additional 1,661 shares in the last quarter. Finally, Johnson Financial Group LLC bought a new position in Walt Disney in the 2nd quarter valued at about $216,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Wells Fargo & Company reduced their target price on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

NYSE DIS opened at $106.34 on Wednesday. The firm’s fifty day moving average price is $112.31 and its two-hundred day moving average price is $114.94. The stock has a market cap of $189.85 billion, a PE ratio of 16.67, a PEG ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date 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.