Quadrature Capital Ltd Increases Stock Position in The Walt Disney Company $DIS
by Amy Steele · The Cerbat GemQuadrature Capital Ltd raised its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 293.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,821 shares of the entertainment giant’s stock after purchasing an additional 99,785 shares during the quarter. Quadrature Capital Ltd’s holdings in Walt Disney were worth $16,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new stake in shares of Walt Disney during the 2nd quarter worth $4,220,599,000. Nuveen LLC bought a new position in Walt Disney in the first quarter valued at $1,353,607,000. Boston Partners raised its position in Walt Disney by 84.2% during the second 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 in the last quarter. Laurel Wealth Advisors LLC raised its position in Walt Disney by 11,943.6% during the second 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 in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on DIS shares. UBS Group reiterated a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a research report on Friday, November 14th. Cowen reiterated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, November 13th. Eighteen research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $134.41.
Walt Disney Stock Up 0.1%
Shares of Walt Disney stock opened at $103.44 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company’s 50 day moving average price is $110.56 and its 200-day moving average price is $114.91. The stock has a market capitalization of $184.67 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.45 and a beta of 1.55.
Walt Disney (NYSE:DIS – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney Dividend Announcement
The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is presently 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.
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