Meridian Wealth Advisors LLC Purchases New Holdings in The Walt Disney Company $DIS

Meridian Wealth Advisors LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 5,562 shares of the entertainment giant’s stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at about $26,000. DiNuzzo Private Wealth Inc. lifted its position in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. acquired a new position in Walt Disney during the 2nd quarter valued at about $37,000. RMG Wealth Management LLC bought a new position in shares of Walt Disney in the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $53,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Guggenheim restated a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a report on Friday, November 14th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Arete Research upgraded Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Trading Up 1.4%

NYSE:DIS opened at $104.15 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business’s 50-day simple moving average is $111.56 and its 200-day simple 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. The stock has a market capitalization of $185.94 billion, a PE ratio of 16.32, 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.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 prior year, the business earned $1.14 EPS. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is presently 21.87%.

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.