SlateStone Wealth LLC Grows Stake in The Walt Disney Company $DIS

SlateStone Wealth LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,991 shares of the entertainment giant’s stock after purchasing an additional 722 shares during the quarter. SlateStone Wealth LLC’s holdings in Walt Disney were worth $4,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Walt Disney during the 1st quarter worth $899,000. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Walt Disney by 1.7% during the first quarter. Eagle Bluffs Wealth Management LLC now owns 16,634 shares of the entertainment giant’s stock worth $1,642,000 after purchasing an additional 273 shares during the last quarter. Sunpointe LLC grew its holdings in Walt Disney by 3.9% in the first quarter. Sunpointe LLC now owns 5,270 shares of the entertainment giant’s stock valued at $520,000 after purchasing an additional 197 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Walt Disney by 9.1% during the 1st quarter. Mackenzie Financial Corp now owns 553,523 shares of the entertainment giant’s stock valued at $54,633,000 after buying an additional 46,381 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 2.2%

NYSE:DIS opened at $101.96 on Tuesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business’s 50-day simple moving average is $111.28 and its 200 day simple moving average is $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 stock has a market cap of $182.03 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. UBS Group reaffirmed a “buy” rating and issued a $138.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. 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 report on Friday, November 14th. Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.41.

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.