Wealthspire Advisors LLC Sells 42,214 Shares of The Walt Disney Company $DIS

Wealthspire Advisors LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 68.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,334 shares of the entertainment giant’s stock after selling 42,214 shares during the quarter. Wealthspire Advisors LLC’s holdings in Walt Disney were worth $2,398,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the second 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 during the period. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the second quarter worth $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the second quarter valued at $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at $53,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.5%

DIS stock opened at $104.66 on Thursday. The company’s 50 day moving average is $112.08 and its 200 day moving average is $114.87. The stock has a market cap of $186.84 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (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 business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is 21.87%.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Cowen reissued a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Citigroup reissued a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. JPMorgan Chase & Co. raised their price objective 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. Finally, Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Walt Disney has a consensus 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.