The Walt Disney Company $DIS is V2 Financial group LLC’s 10th Largest Position

V2 Financial group LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 58.8% during the second quarter, Holdings Channel.com reports. The fund owned 17,218 shares of the entertainment giant’s stock after selling 24,593 shares during the quarter. Walt Disney accounts for 1.3% of V2 Financial group LLC’s investment portfolio, making the stock its 10th largest holding. V2 Financial group LLC’s holdings in Walt Disney were worth $2,135,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter valued at $4,220,599,000. Norges Bank purchased a new stake in Walt Disney in the 2nd quarter worth $2,618,295,000. Viking Global Investors LP bought a new stake in Walt Disney during the second quarter valued at about $725,219,000. Boston Partners raised its holdings in Walt Disney by 84.2% during the second quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock valued at $856,582,000 after acquiring an additional 3,162,938 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Walt Disney by 11,943.6% in the second quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after acquiring an additional 2,803,638 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.1%

NYSE DIS opened at $111.52 on Friday. The stock has a 50 day moving average price of $109.24 and a 200-day moving average price of $114.61. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $199.10 billion, a P/E ratio of 16.26, a P/E/G 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 analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The company had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Walt Disney’s revenue was down .5% on a year-over-year basis. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Investors 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 (DPR) is presently 14.58%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DIS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Monday, December 8th. Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Wall Street Zen downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Cowen restated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Finally, Citigroup reiterated a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.