Intact Investment Management Inc. Has $2.11 Million Stake in The Walt Disney Company $DIS

Intact Investment Management Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 61.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the entertainment giant’s stock after buying an additional 6,450 shares during the period. Intact Investment Management Inc.’s holdings in Walt Disney were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC grew its holdings in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after purchasing an additional 316,707 shares during the period. Lodge Hill Capital LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at $24,373,000. Border to Coast Pensions Partnership Ltd raised its position in shares of Walt Disney by 13.6% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after purchasing an additional 60,353 shares during the period. Finally, Chapin Davis Inc. lifted its stake in Walt Disney by 10.4% in the second quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock valued at $3,735,000 after buying an additional 2,828 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $108.85 on Thursday. The company has a market cap of $194.33 billion, a PE ratio of 15.87, a P/E/G ratio of 1.48 and a beta of 1.49. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a 50-day moving average of $109.27 and a 200-day moving average of $114.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio is 14.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DIS shares. UBS Group reaffirmed a “buy” rating and set a $138.00 price target on shares of Walt Disney in a research report on Friday, November 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Evercore ISI increased their price objective on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Finally, Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average 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.