Stevens Capital Management LP Purchases 12,988 Shares of The Walt Disney Company $DIS

Stevens Capital Management LP boosted its holdings in The Walt Disney Company (NYSE:DIS) by 222.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,838 shares of the entertainment giant’s stock after buying an additional 12,988 shares during the period. Stevens Capital Management LP’s holdings in Walt Disney were worth $2,336,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. DiNuzzo Private Wealth Inc. grew its position 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the 1st quarter worth approximately $26,000. Harbor Asset Planning Inc. bought a new position in Walt Disney in the 2nd quarter worth approximately $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney during the 2nd quarter valued at approximately $49,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $53,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. KeyCorp restated a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Cowen restated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Finally, Arete Research raised Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $104.15 on Friday. The firm has a fifty day simple moving average of $111.56 and a two-hundred day simple moving average of $114.87. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. 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 stock has a market capitalization of $185.94 billion, a P/E ratio of 16.32, a PEG ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $22.46 billion during 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 firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. On average, 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 announced 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 is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s payout ratio is 21.87%.

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.