First Trust Advisors LP Sells 6,241 Shares of The Walt Disney Company $DIS

First Trust Advisors LP cut its position in The Walt Disney Company (NYSE:DIS) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,132 shares of the entertainment giant’s stock after selling 6,241 shares during the quarter. First Trust Advisors LP’s holdings in Walt Disney were worth $33,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIS. DiNuzzo Private Wealth Inc. lifted 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 last quarter. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney in the 2nd quarter valued at $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth $49,000. Legacy Investment Solutions LLC bought a new stake in shares of Walt Disney during the 2nd quarter worth $53,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after buying an additional 135 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $107.04 on Wednesday. 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 Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a market cap of $191.09 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The firm’s fifty day moving average is $109.35 and its 200-day moving average is $114.64.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period last year, the company earned $1.14 EPS. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. 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 currently 21.87%.

Analysts Set New Price Targets

Several brokerages have commented on DIS. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday, November 13th. Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a report on Friday, November 14th. Jefferies Financial Group dropped their price objective on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Evercore ISI upped their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.