Czech National Bank Purchases 17,241 Shares of The Walt Disney Company $DIS

Czech National Bank grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 456,638 shares of the entertainment giant’s stock after acquiring an additional 17,241 shares during the period. Czech National Bank’s holdings in Walt Disney were worth $52,285,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DIS. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock worth $19,531,759,000 after buying an additional 1,639,123 shares in the last quarter. State Street Corp lifted its position in shares of Walt Disney by 0.8% during the 2nd quarter. State Street Corp now owns 79,643,043 shares of the entertainment giant’s stock valued at $9,915,465,000 after acquiring an additional 625,893 shares during the period. Geode Capital Management LLC boosted its stake in Walt Disney by 1.2% during the second quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock worth $4,935,928,000 after acquiring an additional 458,077 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter worth $4,220,599,000. Finally, Norges Bank bought a new stake in Walt Disney in the second quarter valued at $2,618,295,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.9%

Walt Disney stock opened at $110.56 on Thursday. The stock has a market cap of $197.39 billion, a P/E ratio of 16.12, a PEG ratio of 1.54 and a beta of 1.49. 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’s fifty day moving average price is $109.15 and its 200-day moving average price is $114.58. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last issued 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 firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. Equities research analysts forecast 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 declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 is presently 21.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Cowen reissued a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. UBS Group reaffirmed a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a report on Friday, November 14th. 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. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Nineteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average 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.