Fiduciary Alliance LLC Has $4.19 Million Stake in The Walt Disney Company $DIS

Fiduciary Alliance LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 44.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,598 shares of the entertainment giant’s stock after selling 29,847 shares during the period. Fiduciary Alliance LLC’s holdings in Walt Disney were worth $4,190,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new position in Walt Disney in the second quarter valued at approximately $37,000. Total Investment Management Inc. bought a new position in shares of Walt Disney during the 2nd quarter worth approximately $37,000. Howard Hughes Medical Institute acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $48,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the 2nd quarter valued at $49,000. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Evercore ISI boosted their target price on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group reduced their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Price Performance

DIS stock opened at $110.56 on Thursday. 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 business has a 50-day simple moving average of $109.15 and a two-hundred day simple moving average of $114.58. The company has a market capitalization of $197.39 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.54 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 posted its earnings results 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 last year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio is presently 21.87%.

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.