Maverick Capital Ltd. Makes New Investment in The Walt Disney Company $DIS

Maverick Capital Ltd. acquired a new stake in The Walt Disney Company (NYSE:DIS) during the second quarter, HoldingsChannel.com reports. The fund acquired 1,508,487 shares of the entertainment giant’s stock, valued at approximately $187,067,000. Walt Disney accounts for about 2.8% of Maverick Capital Ltd.’s holdings, making the stock its 10th biggest position.

Other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. increased 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 valued at $26,000 after buying an additional 94 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Walt Disney during the 2nd quarter worth about $37,000. Howard Hughes Medical Institute acquired a new position in shares of Walt Disney during the 2nd quarter worth about $48,000. RMG Wealth Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of Walt Disney in the 1st quarter valued at about $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group reissued a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Raymond James Financial restated a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Guggenheim reaffirmed a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

Shares of DIS opened at $111.49 on Friday. The company’s 50 day simple moving average is $109.26 and its 200-day simple moving average is $114.58. The firm has a market cap of $199.04 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.49. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 13.14% and a return on equity of 9.37%. The firm had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. Walt Disney’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders 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 is 14.58%.

Walt Disney Company 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.