Grandfield & Dodd LLC Acquires 1,192 Shares of The Walt Disney Company $DIS

Grandfield & Dodd LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,333 shares of the entertainment giant’s stock after buying an additional 1,192 shares during the quarter. Walt Disney makes up 1.7% of Grandfield & Dodd LLC’s portfolio, making the stock its 20th biggest holding. Grandfield & Dodd LLC’s holdings in Walt Disney were worth $29,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Walt Disney by 3.3% in the first quarter. Victory Capital Management Inc. now owns 684,271 shares of the entertainment giant’s stock worth $67,538,000 after acquiring an additional 21,612 shares during the period. Allen Capital Group LLC raised its stake in Walt Disney by 13.8% during the 1st quarter. Allen Capital Group LLC now owns 2,601 shares of the entertainment giant’s stock valued at $257,000 after purchasing an additional 316 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Walt Disney by 3.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 7,268 shares of the entertainment giant’s stock worth $717,000 after purchasing an additional 232 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in Walt Disney by 11.0% in the 1st quarter. Dynasty Wealth Management LLC now owns 10,652 shares of the entertainment giant’s stock worth $1,051,000 after purchasing an additional 1,054 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DIS. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Trading Down 7.8%

DIS stock opened at $107.57 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market capitalization of $193.41 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. 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 firm’s fifty day simple moving average is $113.03 and its two-hundred day simple moving average is $114.30.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS 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 during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the previous year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. 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 15.67%.

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.