New World Advisors LLC Lowers Stock Position in The Walt Disney Company $DIS

New World Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 49.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,394 shares of the entertainment giant’s stock after selling 2,357 shares during the period. New World Advisors LLC’s holdings in Walt Disney were worth $297,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. lifted its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney during the second quarter worth $37,000. RMG Wealth Management LLC purchased a new position in shares of Walt Disney during the second quarter worth $49,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Walt Disney in the first quarter valued at $53,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS opened at $104.15 on Friday. The firm has a market capitalization of $185.94 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.45 and a beta of 1.55. The firm’s fifty day simple moving average is $111.56 and its 200-day simple moving average is $114.87. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS 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 for the quarter, compared to analyst estimates of $22.78 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. 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 (DPR) is 21.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

About Walt Disney

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.