Quadrature Capital Ltd Grows Stake in The Walt Disney Company $DIS

Quadrature Capital Ltd grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 293.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,821 shares of the entertainment giant’s stock after acquiring an additional 99,785 shares during the period. Quadrature Capital Ltd’s holdings in Walt Disney were worth $16,588,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DIS. DiNuzzo Private Wealth Inc. lifted its stake 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 purchasing an additional 94 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the second quarter worth $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the second quarter valued at $49,000. Legacy Investment Solutions LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $53,000. Finally, Wolff Wiese Magana LLC grew its stake in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. UBS Group restated a “buy” rating and set a $138.00 price target on shares of Walt Disney in a research note on Friday, November 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Price Performance

DIS stock opened at $103.44 on Friday. The firm has a 50 day moving average of $110.56 and a 200-day moving average of $114.91. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a market capitalization of $184.67 billion, a P/E ratio of 16.21, 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 for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. Walt Disney’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio is presently 21.87%.

About Walt Disney

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.