Stance Capital LLC Buys Shares of 11,019 The Walt Disney Company $DIS

Stance Capital LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,019 shares of the entertainment giant’s stock, valued at approximately $1,366,000.

Other institutional investors have also recently made changes to their positions in the company. Kondo Wealth Advisors Inc. grew its position in shares of Walt Disney by 1.2% during the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares during the period. Cornerstone Advisory LLC increased its stake in Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after buying an additional 86 shares during the period. Physician Wealth Advisors Inc. raised its stake in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after buying an additional 87 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after acquiring an additional 87 shares during the period. Finally, Apollon Financial LLC increased its holdings in shares of Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 87 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 analysts recently issued reports on the company. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Citigroup reiterated a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Finally, Jefferies Financial Group decreased their price target on shares of Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Price Performance

Shares of DIS stock opened at $111.52 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a 50-day moving average price of $109.24 and a 200 day moving average price of $114.61. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The firm has a market cap of $199.10 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The firm had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid 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 14.58%.

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.