Mediolanum International Funds Ltd Raises Stake in The Walt Disney Company $DIS

Mediolanum International Funds Ltd raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 150.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,087 shares of the entertainment giant’s stock after purchasing an additional 99,148 shares during the period. Mediolanum International Funds Ltd’s holdings in Walt Disney were worth $20,197,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Walt Disney by 1.1% during the second quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock valued at $19,531,759,000 after buying an additional 1,639,123 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Walt Disney by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock worth $4,935,928,000 after purchasing an additional 458,077 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter worth about $4,220,599,000. Jennison Associates LLC grew its position in Walt Disney by 9.4% during the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after purchasing an additional 1,774,772 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS opened at $102.77 on Friday. The company’s 50 day moving average is $111.79 and its 200 day moving average is $114.78. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market cap of $183.48 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

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

Walt Disney Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued 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%.

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. Citigroup reissued a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday. UBS Group restated a “buy” rating and issued a $138.00 price target on shares of Walt Disney in a research note on Friday, November 14th. Arete Research upgraded Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Finally, Stephens restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.