The Walt Disney Company $DIS Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,975 shares of the entertainment giant’s stock after selling 4,800 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Walt Disney were worth $2,726,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DIS. DiNuzzo Private Wealth Inc. lifted its holdings in 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 acquiring an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Walt Disney during the second quarter valued at $37,000. Total Investment Management Inc. purchased a new position in Walt Disney in the second quarter valued at $37,000. Howard Hughes Medical Institute purchased a new position in Walt Disney in the second quarter valued at $48,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Walt Disney in the second quarter worth about $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $111.52 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $199.10 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49. The company’s 50 day simple moving average is $109.24 and its 200-day simple moving average is $114.63. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last posted 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 13.14% and a return on equity of 9.37%. The firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 payout ratio is currently 14.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Jefferies Financial Group dropped their target price on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Evercore ISI raised their price objective on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Cowen reaffirmed a “hold” rating 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 report on Friday, November 14th. 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 research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.41.

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.