Greystone Financial Group LLC Reduces Position in The Walt Disney Company $DIS

Greystone Financial Group LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 26.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,592 shares of the entertainment giant’s stock after selling 26,800 shares during the quarter. Greystone Financial Group LLC’s holdings in Walt Disney were worth $8,655,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Walt Disney by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant’s stock valued at $19,531,759,000 after acquiring an additional 1,639,123 shares during the period. State Street Corp boosted its stake in shares of Walt Disney by 0.8% during the second quarter. State Street Corp now owns 79,643,043 shares of the entertainment giant’s stock valued at $9,915,465,000 after purchasing an additional 625,893 shares during the period. Geode Capital Management LLC boosted its stake in shares of Walt Disney by 1.2% during the second quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant’s stock valued at $4,935,928,000 after purchasing an additional 458,077 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the second quarter worth about $4,220,599,000. Finally, Norges Bank purchased a new position in Walt Disney in the 2nd quarter worth about $2,618,295,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.7%

DIS opened at $111.84 on Monday. 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 firm has a market cap of $199.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.54 and a beta of 1.44. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a fifty day moving average price of $109.59 and a 200-day moving average price of $114.31.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating 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 business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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 $0.75 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. Wells Fargo & Company dropped their target price on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Evercore ISI boosted their price target on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Cowen restated a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Finally, Arete Research upgraded Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Nineteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.