Rhumbline Advisers Has $397.34 Million Position in The Walt Disney Company $DIS

Rhumbline Advisers trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,204,066 shares of the entertainment giant’s stock after selling 79,786 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Walt Disney worth $397,336,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. increased its holdings in Walt Disney by 82.5% in the 2nd 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. acquired a new position in Walt Disney in the 2nd quarter worth about $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the second quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Walt Disney during the first quarter valued at about $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. JPMorgan Chase & Co. upped their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. UBS Group restated a “buy” rating and issued a $138.00 price target on shares of Walt Disney in a research report on Friday, November 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Wells Fargo & Company decreased their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Trading Up 1.4%

DIS opened at $104.15 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. 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 company has a fifty day moving average of $111.56 and a 200-day moving average of $114.87. The stock has a market cap of $185.94 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last released its earnings results 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 business had revenue of $22.46 billion for the quarter, compared to analyst estimates 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 for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, 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 announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. 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.