Greenland Capital Management LP Takes $5.81 Million Position in The Walt Disney Company $DIS

Greenland Capital Management LP purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 46,865 shares of the entertainment giant’s stock, valued at approximately $5,812,000.

A number of other large investors have also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the 2nd quarter valued at about $4,220,599,000. Nuveen LLC purchased a new position in shares of Walt Disney during the first quarter valued at approximately $1,353,607,000. Boston Partners raised its position in Walt Disney by 83.7% in the 2nd quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after buying an additional 3,146,450 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after acquiring an additional 2,578,004 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DIS shares. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Guggenheim reiterated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a report on Friday, November 14th. UBS Group reaffirmed a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Eighteen equities research 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. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Stock Performance

Shares of DIS stock opened at $106.34 on Wednesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $189.85 billion, a P/E ratio of 16.67, a PEG ratio of 1.45 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $112.31 and its 200 day moving average is $114.94.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the company posted $1.14 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate 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 issued 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 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.