Prudential PLC Reduces Stock Holdings in The Walt Disney Company $DIS

Prudential PLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 27.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,696 shares of the entertainment giant’s stock after selling 19,938 shares during the quarter. Prudential PLC’s holdings in Walt Disney were worth $6,411,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter valued at $26,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of 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 during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at about $37,000. RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Walt Disney during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DIS shares. UBS Group reiterated a “buy” rating and issued a $138.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Trading Up 1.4%

NYSE DIS opened at $104.15 on Friday. 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 stock has a market capitalization of $185.94 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a 50-day moving average price of $111.56 and a 200 day moving average price of $114.87.

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

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued 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 currently 21.87%.

Walt Disney Company 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.