Picton Mahoney Asset Management Increases Stock Position in The Walt Disney Company $DIS

Picton Mahoney Asset Management grew its position in The Walt Disney Company (NYSE:DIS) by 84.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,274 shares of the entertainment giant’s stock after acquiring an additional 69,122 shares during the period. Picton Mahoney Asset Management’s holdings in Walt Disney were worth $18,758,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the second quarter worth approximately $4,220,599,000. Nuveen LLC purchased a new position in Walt Disney during the first quarter valued at $1,353,607,000. Boston Partners raised its position in shares of Walt Disney by 83.7% during the 2nd quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock worth $854,537,000 after purchasing an additional 3,146,450 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares during the last quarter. Finally, ABN AMRO Bank N.V. purchased a new stake in Walt Disney during the 2nd quarter worth approximately $245,757,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday. Guggenheim restated a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a report on Friday, November 14th. UBS Group reiterated a “buy” rating and issued a $138.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Morgan Stanley boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Citigroup restated a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $104.15 on Monday. The firm has a market cap of $185.94 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business’s fifty day simple moving average is $111.56 and its 200-day simple moving average is $115.12.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the firm earned $1.14 EPS. Walt Disney’s revenue was down .5% on a year-over-year basis. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 21.87%.

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.