Howe & Rusling Inc. Purchases 1,170 Shares of The Walt Disney Company $DIS

Howe & Rusling Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,315 shares of the entertainment giant’s stock after purchasing an additional 1,170 shares during the period. Howe & Rusling Inc.’s holdings in Walt Disney were worth $5,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. grew 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 worth $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the second quarter valued at approximately $37,000. RMG Wealth Management LLC purchased a new position in shares of Walt Disney during the second quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Cowen restated a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Citigroup restated a “positive” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Arete Research raised shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Eighteen research analysts have rated the stock with a Buy rating, eight have given 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 Stock Down 1.5%

DIS opened at $104.66 on Thursday. The stock has a market cap of $186.84 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s fifty day moving average is $112.08 and its 200 day moving average is $114.87. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid 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 (DPR) 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.