AssuredPartners Investment Advisors LLC Boosts Stake in The Walt Disney Company $DIS

AssuredPartners Investment Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 474.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,154 shares of the entertainment giant’s stock after acquiring an additional 19,125 shares during the period. AssuredPartners Investment Advisors LLC’s holdings in Walt Disney were worth $2,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HCR Wealth Advisors boosted its holdings in Walt Disney by 0.7% in the third quarter. HCR Wealth Advisors now owns 19,936 shares of the entertainment giant’s stock worth $2,236,000 after acquiring an additional 142 shares in the last quarter. Iowa State Bank increased its holdings in shares of Walt Disney by 36.8% during the third quarter. Iowa State Bank now owns 36,238 shares of the entertainment giant’s stock valued at $4,149,000 after acquiring an additional 9,747 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Walt Disney by 68.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 21,075 shares of the entertainment giant’s stock worth $2,413,000 after purchasing an additional 8,587 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in Walt Disney by 0.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 32,808 shares of the entertainment giant’s stock worth $3,757,000 after purchasing an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Walt Disney by 4.2% during the 3rd quarter. GAMMA Investing LLC now owns 31,717 shares of the entertainment giant’s stock valued at $3,632,000 after purchasing an additional 1,284 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Guggenheim reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Evercore ISI lifted their target price on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Finally, Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Stock Down 1.0%

Walt Disney stock opened at $110.43 on Tuesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a fifty day moving average of $109.19 and a 200 day moving average of $114.62. 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 stock has a market cap of $197.15 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $22.78 billion. During the same period in the previous year, the business earned $1.14 earnings per share. Walt Disney’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

The business also recently disclosed 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 of this dividend is Tuesday, June 30th. Walt Disney’s payout ratio is presently 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.