NewEdge Advisors LLC Has $17.94 Million Stake in The Walt Disney Company $DIS

NewEdge Advisors LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 144,689 shares of the entertainment giant’s stock after acquiring an additional 6,786 shares during the quarter. NewEdge Advisors LLC’s holdings in Walt Disney were worth $17,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DIS. DiNuzzo Private Wealth Inc. raised its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new position in Walt Disney in the 2nd quarter valued at about $37,000. Howard Hughes Medical Institute bought a new position in Walt Disney in the 2nd quarter valued at about $48,000. RMG Wealth Management LLC acquired a new stake in Walt Disney during the second quarter worth approximately $49,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Walt Disney during the first quarter worth approximately $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DIS shares. Guggenheim restated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a research note on Friday, November 14th. KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Cowen reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Monday. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

NYSE:DIS opened at $108.85 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $194.33 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.48 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 stock’s 50-day simple moving average is $109.27 and its 200 day simple moving average is $114.60.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

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

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.