The Walt Disney Company $DIS Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 9.5% during the second quarter, Holdings Channel reports. The institutional investor owned 963,969 shares of the entertainment giant’s stock after purchasing an additional 83,274 shares during the quarter. Walt Disney comprises 1.1% of Westwood Holdings Group Inc.’s investment portfolio, making the stock its 12th biggest holding. Westwood Holdings Group Inc.’s holdings in Walt Disney were worth $119,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. WealthShield Partners LLC grew its holdings in shares of Walt Disney by 19.1% in the 2nd quarter. WealthShield Partners LLC now owns 2,428 shares of the entertainment giant’s stock worth $301,000 after acquiring an additional 390 shares during the period. Pinnbrook Capital Management LP purchased a new position in shares of Walt Disney in the 2nd quarter valued at $8,142,000. Truepoint Inc. lifted its holdings in shares of Walt Disney by 15.0% during the 2nd quarter. Truepoint Inc. now owns 2,667 shares of the entertainment giant’s stock valued at $331,000 after acquiring an additional 348 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Walt Disney by 6.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 440,907 shares of the entertainment giant’s stock worth $54,677,000 after purchasing an additional 27,489 shares during the period. Finally, Empower Advisory Group LLC increased its holdings in Walt Disney by 4.2% in the 2nd quarter. Empower Advisory Group LLC now owns 1,432,041 shares of the entertainment giant’s stock valued at $177,587,000 after purchasing an additional 57,422 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIS. JPMorgan Chase & Co. upped their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research report on Friday. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Evercore ISI increased their price target on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday. Eighteen 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. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Price Performance

Shares of DIS opened at $105.87 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market cap of $190.34 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.45 and a beta of 1.55. The stock has a 50 day moving average of $112.79 and a 200-day moving average of $114.41.

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

Walt Disney Announces Dividend

The business also recently declared 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 dividend payout ratio is presently 15.67%.

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.