Commonwealth Equity Services LLC Sells 99,836 Shares of The Walt Disney Company $DIS

Commonwealth Equity Services LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,204 shares of the entertainment giant’s stock after selling 99,836 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Walt Disney were worth $83,608,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Copeland Capital Management LLC bought a new stake in shares of Walt Disney during the third quarter worth $25,000. DiNuzzo Private Wealth Inc. lifted its position in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Walt Disney during the 2nd quarter worth about $37,000. Total Investment Management Inc. acquired a new stake in Walt Disney in the 2nd quarter valued at about $37,000. Finally, Navigoe LLC raised its stake in shares of Walt Disney by 89.2% in the third quarter. Navigoe LLC now owns 403 shares of the entertainment giant’s stock worth $46,000 after acquiring an additional 190 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS opened at $114.10 on Tuesday. The stock has a market cap of $203.71 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock’s 50-day moving average price is $109.62 and its two-hundred day moving average price is $114.29. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last announced its quarterly 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 net margin of 13.14% and a return on equity of 9.37%. The business had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same period last year, the company posted $1.14 EPS. Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The company also recently declared 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 dividend payout ratio (DPR) is currently 21.87%.

Analysts Set New Price Targets

Several analysts have recently commented on DIS shares. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. KeyCorp reiterated a “sector weight” 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 stock 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, Cowen reiterated a “hold” 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, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.94.

Walt Disney Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.