Iyo Bank Ltd. Has $4.41 Million Stake in The Walt Disney Company $DIS

Iyo Bank Ltd. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 66.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,583 shares of the entertainment giant’s stock after selling 71,165 shares during the period. Walt Disney accounts for about 1.8% of Iyo Bank Ltd.’s portfolio, making the stock its 22nd largest position. Iyo Bank Ltd.’s holdings in Walt Disney were worth $4,413,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter worth approximately $26,000. Harbor Asset Planning Inc. acquired a new stake in Walt Disney in the second quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $49,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walt Disney during the second quarter worth approximately $53,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of several research reports. Stephens reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, November 13th. Cowen reissued a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Jefferies Financial Group dropped their price target on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. 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 report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Stock Down 1.8%

Walt Disney stock opened at $102.77 on Friday. 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 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50-day simple moving average is $111.79 and its 200 day simple moving average is $114.78. The stock has a market cap of $183.48 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping 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 firm earned $1.14 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. 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.