Elo Mutual Pension Insurance Co Has $18.87 Million Position in The Walt Disney Company $DIS

Elo Mutual Pension Insurance Co cut its stake in The Walt Disney Company (NYSE:DIS) by 11.2% in the second quarter, HoldingsChannel.com reports. The fund owned 152,158 shares of the entertainment giant’s stock after selling 19,188 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Walt Disney were worth $18,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. grew 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 during the period. Harbor Asset Planning Inc. bought a new stake 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 acquired a new stake in Walt Disney during the 1st quarter worth $53,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 2.2%

NYSE:DIS opened at $101.96 on Tuesday. The company has a market cap of $182.03 billion, a PE ratio of 15.98, a PEG ratio of 1.45 and a beta of 1.55. The stock has a 50-day simple moving average of $111.28 and a 200 day simple moving average of $115.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping 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 firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal 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 paid a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s payout ratio is presently 21.87%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Evercore ISI lifted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Eighteen research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.41.

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.