670,245 Shares in The Walt Disney Company $DIS Purchased by Marsico Capital Management LLC

Marsico Capital Management LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, Holdings Channel reports. The firm acquired 670,245 shares of the entertainment giant’s stock, valued at approximately $83,117,000. Walt Disney makes up approximately 2.3% of Marsico Capital Management LLC’s investment portfolio, making the stock its 18th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Kondo Wealth Advisors Inc. raised its stake in shares of Walt Disney by 1.2% during the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares in the last quarter. Cornerstone Advisory LLC increased its holdings in Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. raised its position in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after buying an additional 87 shares during the period. Finally, Apollon Financial LLC grew its position in shares of Walt Disney by 1.5% during the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after buying an additional 87 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DIS shares. KeyCorp restated a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Wells Fargo & Company reduced their price target on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, UBS Group reissued a “buy” rating and issued a $138.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Trading Down 1.8%

NYSE DIS opened at $102.77 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market cap of $183.48 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a 50 day moving average price of $111.79 and a 200 day moving average price of $114.78. 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 announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same period last year, the firm earned $1.14 earnings per share. Walt Disney’s revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given 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 (DPR) is presently 21.87%.

About Walt Disney

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.