Birchbrook Inc. Sells 3,172 Shares of The Walt Disney Company $DIS

Birchbrook Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 23.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,259 shares of the entertainment giant’s stock after selling 3,172 shares during the quarter. Birchbrook Inc.’s holdings in Walt Disney were worth $1,272,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the last quarter. Gries Financial LLC bought a new position in Walt Disney in the first quarter valued at about $210,000. Ignite Planners LLC boosted its stake in shares of Walt Disney by 19.8% during the first quarter. Ignite Planners LLC now owns 2,664 shares of the entertainment giant’s stock valued at $242,000 after purchasing an additional 441 shares in the last quarter. Nelson Capital Management LLC grew its holdings in shares of Walt Disney by 32.9% during the first quarter. Nelson Capital Management LLC now owns 31,109 shares of the entertainment giant’s stock worth $3,070,000 after purchasing an additional 7,694 shares during the last quarter. Finally, Financial Sense Advisors Inc. increased its stake in shares of Walt Disney by 2.0% in the first quarter. Financial Sense Advisors Inc. now owns 6,979 shares of the entertainment giant’s stock valued at $689,000 after buying an additional 137 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research report on Wednesday, November 12th. Evercore ISI lifted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Eighteen 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Stock Performance

Shares of DIS opened at $106.34 on Wednesday. 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 firm’s fifty day simple moving average is $112.31 and its two-hundred day simple moving average is $114.94. 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 $189.85 billion, a P/E ratio of 16.67, 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 analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue was down .5% compared to the same quarter last year. As a group, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 dividend payout ratio is presently 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.