The Walt Disney Company $DIS Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.5% in the second quarter, Holdings Channel reports. The institutional investor owned 489,955 shares of the entertainment giant’s stock after selling 28,496 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Walt Disney were worth $60,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. boosted 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 buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney in the 2nd quarter valued at $37,000. RMG Wealth Management LLC acquired a new stake in Walt Disney during the 2nd quarter worth $49,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Walt Disney in the first quarter valued at $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DIS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

Walt Disney stock opened at $107.57 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50 day simple moving average of $113.03 and a 200-day simple moving average of $114.30. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $193.41 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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. The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Equities analysts predict 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. 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 15.67%.

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.