Daiwa Securities Group Inc. Buys 22,466 Shares of The Walt Disney Company $DIS

Daiwa Securities Group Inc. grew its stake in The Walt Disney Company (NYSE:DIS) by 6.2% in the second quarter, HoldingsChannel reports. The fund owned 387,523 shares of the entertainment giant’s stock after acquiring an additional 22,466 shares during the period. Daiwa Securities Group Inc.’s holdings in Walt Disney were worth $48,057,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Walt Disney by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock worth $19,531,759,000 after purchasing an additional 1,639,123 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Walt Disney by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock valued at $4,935,928,000 after buying an additional 458,077 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the second quarter worth $4,220,599,000. Norges Bank bought a new stake in shares of Walt Disney during the second quarter worth $2,618,295,000. Finally, Jennison Associates LLC lifted its stake in shares of Walt Disney by 9.4% during the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after acquiring an additional 1,774,772 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 2.2%

DIS opened at $107.60 on Tuesday. The firm’s fifty day moving average is $109.50 and its two-hundred day moving average is $114.66. The firm has a market cap of $192.09 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

The firm 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. 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 currently 14.58%.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Wells Fargo & Company dropped their price objective on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, November 14th. UBS Group reissued a “buy” rating and set a $138.00 price target on shares of Walt Disney in a research note on Friday, November 14th. Guggenheim reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Finally, Citigroup reissued a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

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.