The Walt Disney Company (DIS) To Go Ex-Dividend on December 15th

The Walt Disney Company (NYSE:DIS) declared a dividend on Thursday, November 13th. Stockholders of record on Monday, December 15th will be given a dividend of 0.75 per share by the entertainment giant on Thursday, January 15th. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Monday, December 15th.

Walt Disney has increased its dividend by an average of 0.0%annually over the last three years. Walt Disney has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Walt Disney to earn $6.13 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 24.5%.

Walt Disney Stock Up 0.1%

NYSE:DIS traded up $0.06 during mid-day trading on Friday, reaching $111.52. The company’s stock had a trading volume of 12,955,992 shares, compared to its average volume of 10,976,354. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. Walt Disney has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a fifty day moving average of $109.24 and a 200-day moving average of $114.59. The firm has a market capitalization of $199.10 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last issued 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. The company 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 13.14% and a return on equity of 9.37%. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. Equities research analysts forecast that Walt Disney will post 5.47 earnings per share for the current year.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney in the second quarter worth about $4,220,599,000. Norges Bank acquired a new position in Walt Disney in the 2nd quarter worth approximately $2,618,295,000. Viking Global Investors LP purchased a new position in Walt Disney during the 2nd quarter worth approximately $725,219,000. Assenagon Asset Management S.A. lifted its stake in Walt Disney by 231.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,711,353 shares of the entertainment giant’s stock valued at $539,450,000 after acquiring an additional 3,289,707 shares during the period. Finally, Boston Partners boosted its holdings in shares of Walt Disney by 84.2% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.