Sanders Morris Harris LLC Purchases Shares of 14,282 The Walt Disney Company $DIS

Sanders Morris Harris LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,282 shares of the entertainment giant’s stock, valued at approximately $1,635,000.

Several other institutional investors have also recently made changes to their positions in DIS. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC lifted its position in shares of Walt Disney by 8,744.0% during the 2nd 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 buying an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $24,373,000. Border to Coast Pensions Partnership Ltd grew its stake in Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares during the period. Finally, Chapin Davis Inc. increased its holdings in Walt Disney by 10.4% in the 2nd quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock worth $3,735,000 after acquiring an additional 2,828 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Guggenheim restated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research report on Friday, November 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Trading Up 1.1%

DIS opened at $111.75 on Wednesday. The firm has a market capitalization of $199.50 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.49. The company’s 50 day simple moving average is $109.17 and its two-hundred day simple moving average is $114.61. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. 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 announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The firm had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s payout ratio is presently 21.87%.

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.