TRUE Private Wealth Advisors Increases Holdings in The Walt Disney Company $DIS

TRUE Private Wealth Advisors increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,801 shares of the entertainment giant’s stock after purchasing an additional 830 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Walt Disney were worth $471,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position 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. Ignite Planners LLC increased its stake in Walt Disney by 19.8% during the first quarter. Ignite Planners LLC now owns 2,664 shares of the entertainment giant’s stock worth $242,000 after acquiring an additional 441 shares during the last quarter. Oak Thistle LLC purchased a new stake in Walt Disney during the first quarter valued at approximately $1,574,000. Close Asset Management Ltd lifted its stake in shares of Walt Disney by 3.9% in the 1st quarter. Close Asset Management Ltd now owns 89,969 shares of the entertainment giant’s stock valued at $8,878,000 after purchasing an additional 3,380 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $175,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Cowen reissued a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Evercore ISI raised their price target on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Stock Down 1.5%

Shares of NYSE:DIS opened at $104.66 on Thursday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The stock has a market cap of $186.84 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The business’s 50 day moving average is $112.08 and its 200 day moving average is $114.87. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s quarterly revenue 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 year.

Walt Disney Dividend Announcement

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

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.