Bank of Nova Scotia Sells 193,424 Shares of The Walt Disney Company $DIS

Bank of Nova Scotia cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 30.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,904 shares of the entertainment giant’s stock after selling 193,424 shares during the quarter. Bank of Nova Scotia’s holdings in Walt Disney were worth $56,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. DiNuzzo Private Wealth Inc. boosted 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 valued at $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney during the second quarter valued at about $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the second quarter valued at about $49,000. Legacy Investment Solutions LLC acquired a new stake in Walt Disney during the second quarter worth about $53,000. Finally, Wolff Wiese Magana LLC increased its stake in Walt Disney by 41.5% during the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DIS shares. Cowen reiterated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Price Performance

Walt Disney stock opened at $107.60 on Tuesday. The business’s fifty day moving average is $109.50 and its two-hundred day moving average is $114.66. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market cap of $192.09 billion, a P/E ratio of 15.68, 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.

Walt Disney (NYSE:DIS) last released its quarterly 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 business 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 9.37% and a net margin of 13.14%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued 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 dividend payout ratio (DPR) is currently 14.58%.

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.