Richmond Investment Services LLC Takes Position in The Walt Disney Company $DIS

Richmond Investment Services LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,354 shares of the entertainment giant’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Walt Disney during the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC acquired a new stake in Walt Disney during the 2nd quarter worth approximately $49,000. Wealth Preservation Advisors LLC bought a new stake in Walt Disney during the 1st quarter worth approximately $53,000. Finally, Legacy Investment Solutions LLC acquired a new position in Walt Disney in the 2nd quarter valued at approximately $53,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group cut their target price on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Wells Fargo & Company decreased their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Guggenheim restated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Friday, November 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a report on Friday, October 17th. Eighteen 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Performance

Shares of DIS stock opened at $103.44 on Thursday. The firm has a 50 day moving average of $110.79 and a 200-day moving average of $114.99. The company has a market cap of $184.67 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The company 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%. Walt Disney’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

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