Ardmore Road Asset Management LP Takes $49.60 Million Position in The Walt Disney Company $DIS

Ardmore Road Asset Management LP purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 400,000 shares of the entertainment giant’s stock, valued at approximately $49,604,000. Walt Disney comprises approximately 4.1% of Ardmore Road Asset Management LP’s investment portfolio, making the stock its 9th biggest position.

Several other large investors also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the second quarter worth about $4,220,599,000. Norges Bank purchased a new position in Walt Disney during the 2nd quarter worth approximately $2,618,295,000. Nuveen LLC acquired a new position in Walt Disney during the first quarter worth approximately $1,353,607,000. Boston Partners lifted its stake in Walt Disney by 84.2% in the second quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock valued at $856,582,000 after buying an additional 3,162,938 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 11,943.6% in the second quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after acquiring an additional 2,803,638 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.2%

NYSE DIS opened at $105.25 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $187.90 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.46 and a beta of 1.49. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a 50-day moving average price of $109.64 and a 200 day moving average price of $114.64.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 14.58%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DIS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Finally, Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Eighteen equities 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, Walt Disney has a consensus 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.