Osaic Holdings Inc. Has $76.52 Million Stake in The Walt Disney Company $DIS

Osaic Holdings Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 33.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 636,316 shares of the entertainment giant’s stock after purchasing an additional 160,128 shares during the quarter. Osaic Holdings Inc.’s holdings in Walt Disney were worth $76,518,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Walt Disney by 9.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 102,954 shares of the entertainment giant’s stock valued at $10,162,000 after acquiring an additional 9,296 shares during the period. Versor Investments LP acquired a new stake in shares of Walt Disney in the 1st quarter valued at $827,000. Watts Gwilliam & Co. LLC grew its holdings in shares of Walt Disney by 3.0% in the 1st quarter. Watts Gwilliam & Co. LLC now owns 14,937 shares of the entertainment giant’s stock worth $1,474,000 after purchasing an additional 436 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Walt Disney by 14.4% during the 1st quarter. Aptus Capital Advisors LLC now owns 55,354 shares of the entertainment giant’s stock worth $5,463,000 after purchasing an additional 6,969 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIS. Wells Fargo & Company reduced their price target on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Citigroup restated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Evercore ISI boosted their price objective on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Eighteen investment 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, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $110.43 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $109.19 and a 200 day simple moving average of $114.62. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $197.15 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last announced 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 firm had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The company 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. 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 21.87%.

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.