Mackenzie Financial Corp Raises Stock Position in The Walt Disney Company $DIS

Mackenzie Financial Corp grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 19.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 663,249 shares of the entertainment giant’s stock after acquiring an additional 109,726 shares during the period. Mackenzie Financial Corp’s holdings in Walt Disney were worth $82,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Walt Disney in the first quarter valued at approximately $7,841,000. Jefferies Financial Group Inc. grew its holdings in Walt Disney by 101.5% in the first quarter. Jefferies Financial Group Inc. now owns 45,204 shares of the entertainment giant’s stock worth $4,462,000 after purchasing an additional 22,773 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of Walt Disney by 26.3% during the first quarter. Baker Avenue Asset Management LP now owns 5,291 shares of the entertainment giant’s stock worth $522,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. increased its position in shares of Walt Disney by 7.4% during the first quarter. Strategic Family Wealth Counselors L.L.C. now owns 8,499 shares of the entertainment giant’s stock worth $839,000 after purchasing an additional 589 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DIS shares. Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research report on Wednesday, November 12th. Finally, UBS Group reiterated a “buy” rating and issued a $138.00 target price 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Trading Up 0.9%

Walt Disney stock opened at $104.35 on Friday. The stock has a 50-day moving average price of $110.37 and a 200 day moving average price of $114.89. The company has a market capitalization of $186.29 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

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 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 business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is presently 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.