Virtue Capital Management LLC Sells 4,134 Shares of The Walt Disney Company $DIS

Virtue Capital Management LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 49.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,163 shares of the entertainment giant’s stock after selling 4,134 shares during the period. Virtue Capital Management LLC’s holdings in Walt Disney were worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney during the second quarter valued at $4,220,599,000. Nuveen LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $1,353,607,000. Boston Partners lifted its holdings in Walt Disney by 84.2% during the 2nd quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock valued at $856,582,000 after purchasing an additional 3,162,938 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Walt Disney by 11,943.6% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after purchasing an additional 2,803,638 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.9%

Shares of DIS opened at $104.35 on Friday. The business’s fifty day moving average price is $110.37 and its two-hundred day moving average price is $114.87. The firm has a market capitalization of $186.29 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share 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 return on equity of 9.67% and a net margin of 12.22%.The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, analysts predict 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 paid a $0.75 dividend. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Citigroup restated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Jefferies Financial Group reduced their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Evercore ISI increased their target price on Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus 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.