Geneos Wealth Management Inc. Grows Holdings in The Walt Disney Company $DIS

Geneos Wealth Management Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 35.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 92,285 shares of the entertainment giant’s stock after purchasing an additional 24,056 shares during the period. Geneos Wealth Management Inc.’s holdings in Walt Disney were worth $11,444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DIS. Westwood Holdings Group Inc. lifted its stake in Walt Disney by 9.5% during the second quarter. Westwood Holdings Group Inc. now owns 963,969 shares of the entertainment giant’s stock worth $119,542,000 after purchasing an additional 83,274 shares in the last quarter. Kestra Investment Management LLC raised its holdings in shares of Walt Disney by 56.8% in the 2nd quarter. Kestra Investment Management LLC now owns 3,520 shares of the entertainment giant’s stock valued at $437,000 after buying an additional 1,275 shares during the period. Semper Augustus Investments Group LLC lifted its stake in Walt Disney by 3.3% during the 2nd quarter. Semper Augustus Investments Group LLC now owns 144,397 shares of the entertainment giant’s stock worth $17,907,000 after acquiring an additional 4,596 shares in the last quarter. Wellington Capital Management Inc. purchased a new position in Walt Disney during the 2nd quarter valued at about $912,000. Finally, Rexford Capital Inc. purchased a new position in Walt Disney during the 2nd quarter valued at about $458,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.1%

Walt Disney stock opened at $111.52 on Friday. The stock’s fifty day moving average is $109.24 and its two-hundred day moving average is $114.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market cap of $199.10 billion, a PE ratio of 16.26, a P/E/G ratio of 1.54 and a beta of 1.49. 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 announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating the consensus estimate 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 net margin of 13.14% and a return on equity of 9.37%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. 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 company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s payout ratio is 14.58%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DIS. Rosenblatt Securities reiterated a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Guggenheim reiterated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a report on Friday, November 14th. Evercore ISI boosted their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target 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.