Public Sector Pension Investment Board Cuts Stake in The Walt Disney Company $DIS

Public Sector Pension Investment Board reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 20.4% in the second quarter, Holdings Channel reports. The firm owned 433,233 shares of the entertainment giant’s stock after selling 110,757 shares during the quarter. Public Sector Pension Investment Board’s holdings in Walt Disney were worth $53,725,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the 2nd quarter worth $4,220,599,000. Wedge Capital Management L L P NC grew its position in shares of 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 in the last quarter. Lodge Hill Capital LLC bought a new stake in shares of Walt Disney in the first quarter worth about $24,373,000. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Walt Disney by 13.6% in 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 last quarter. Finally, Chapin Davis Inc. lifted its position in shares of Walt Disney by 10.4% in the second quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock worth $3,735,000 after buying an additional 2,828 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several research analyst reports. Evercore ISI raised their price target on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Guggenheim reissued a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a report on Friday, November 14th. Citigroup restated a “positive” rating 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 note on Friday, November 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Eighteen 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Stock Performance

NYSE:DIS opened at $111.52 on Friday. The firm has a market capitalization of $199.10 billion, a PE ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49. The stock’s fifty day moving average is $109.24 and its 200 day moving average is $114.61. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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 posted its quarterly earnings data 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 business had revenue of $22.46 billion for 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 business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. 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 disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given 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 14.58%.

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.