Global Retirement Partners LLC Invests $5.64 Million in The Walt Disney Company $DIS

Global Retirement Partners LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,514 shares of the entertainment giant’s stock, valued at approximately $5,644,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter valued at approximately $4,220,599,000. Nuveen LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $1,353,607,000. Boston Partners grew its stake in Walt Disney by 83.7% in the 2nd quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after buying an additional 3,146,450 shares during the last quarter. Vanguard Group Inc. grew its stake in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in Walt Disney in the 2nd quarter worth $245,757,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DIS. UBS Group reissued a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Finally, Morgan Stanley lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Performance

DIS opened at $101.96 on Tuesday. The stock’s 50 day simple moving average is $111.28 and its 200-day simple moving average is $115.09. 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 stock has a market cap of $182.03 billion, a PE ratio of 15.98, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

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 is Tuesday, June 30th. Walt Disney’s payout ratio is 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.