The Walt Disney Company $DIS Stake Boosted by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in The Walt Disney Company (NYSE:DIS) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,521 shares of the entertainment giant’s stock after purchasing an additional 4,888 shares during the period. Boothbay Fund Management LLC’s holdings in Walt Disney were worth $10,233,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the 2nd quarter worth $4,220,599,000. Wedge Capital Management L L P NC raised its stake in shares of Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after purchasing an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC bought a new position in Walt Disney in the 1st quarter valued at about $24,373,000. Border to Coast Pensions Partnership Ltd increased its stake in Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after buying an additional 60,353 shares during the period. Finally, Chapin Davis Inc. raised its position in shares of Walt Disney by 10.4% during the 2nd quarter. Chapin Davis Inc. now owns 30,117 shares of the entertainment giant’s stock worth $3,735,000 after buying an additional 2,828 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, November 13th. Finally, Guggenheim restated a “buy” rating and set a $140.00 price objective 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Trading Up 0.1%

Shares of DIS opened at $111.52 on Friday. The business’s 50-day moving average price is $109.24 and its 200 day moving average price is $114.59. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The stock 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. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period last year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

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

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.