Quintet Private Bank Europe S.A. Reduces Stake in The Walt Disney Company $DIS

Quintet Private Bank Europe S.A. trimmed its position in The Walt Disney Company (NYSE:DIS) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,472 shares of the entertainment giant’s stock after selling 37,090 shares during the period. Walt Disney accounts for 3.6% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 6th biggest position. Quintet Private Bank Europe S.A.’s holdings in Walt Disney were worth $64,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney during the second quarter worth about $4,220,599,000. Wedge Capital Management L L P NC lifted its holdings 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 during the last quarter. Lodge Hill Capital LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $24,373,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after purchasing an additional 60,353 shares in the last quarter. Finally, Chapin Davis Inc. grew its stake in shares of Walt Disney by 10.4% in 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 during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DIS shares. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, November 13th. Jefferies Financial Group reduced their price target on Walt Disney from $144.00 to $136.00 and set a “buy” rating for the company in a report on Friday, November 14th. Evercore ISI upped their price target on shares of Walt Disney from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Weiss Ratings raised shares of Walt Disney from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, UBS Group restated a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Trading Up 1.1%

Walt Disney stock opened at $111.75 on Wednesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The business’s fifty day moving average is $109.17 and its 200 day moving average is $114.61. The stock has a market capitalization of $199.50 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.71 and a quick ratio of 0.65.

Walt Disney (NYSE:DIS) last posted its earnings results 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. The business had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

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