TD Waterhouse Canada Inc. Has $38.93 Million Position in The Walt Disney Company $DIS

TD Waterhouse Canada Inc. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 315,468 shares of the entertainment giant’s stock after selling 21,543 shares during the period. TD Waterhouse Canada Inc.’s holdings in Walt Disney were worth $38,933,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. J. Safra Sarasin Holding AG grew its position in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC boosted its holdings in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC acquired a new position in Walt Disney during the first quarter worth $24,373,000. Finally, Border to Coast Pensions Partnership Ltd raised its holdings in Walt Disney by 13.6% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after buying an additional 60,353 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.6%

DIS stock opened at $106.34 on Wednesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market cap of $189.85 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The business’s 50-day simple moving average is $112.31 and its 200 day simple moving average is $114.94. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The firm also recently announced 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 is Tuesday, June 30th. Walt Disney’s payout ratio is 21.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DIS shares. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $134.41.

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.