Cresset Asset Management LLC Has $23.37 Million Holdings in The Walt Disney Company $DIS

Cresset Asset Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 43.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,731 shares of the entertainment giant’s stock after purchasing an additional 56,664 shares during the period. Cresset Asset Management LLC’s holdings in Walt Disney were worth $23,373,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DIS. Brighton Jones LLC grew its holdings in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares in the last quarter. WealthShield Partners LLC boosted its stake in Walt Disney by 7.2% during the first quarter. WealthShield Partners LLC now owns 2,038 shares of the entertainment giant’s stock worth $201,000 after buying an additional 136 shares in the last quarter. AlphaCore Capital LLC increased its holdings in Walt Disney by 175.4% in the 1st quarter. AlphaCore Capital LLC now owns 12,689 shares of the entertainment giant’s stock valued at $1,252,000 after buying an additional 8,082 shares during the period. AMF Tjanstepension AB raised its stake in shares of Walt Disney by 5.1% in the 1st quarter. AMF Tjanstepension AB now owns 301,496 shares of the entertainment giant’s stock valued at $29,770,000 after buying an additional 14,659 shares in the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in shares of Walt Disney by 12.1% during the 1st quarter. Savvy Advisors Inc. now owns 17,221 shares of the entertainment giant’s stock worth $1,700,000 after acquiring an additional 1,854 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $105.25 on Friday. The business’s fifty day moving average is $109.64 and its two-hundred day moving average is $114.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market cap of $187.90 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.46 and a beta of 1.49. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is 14.58%.

Analyst Ratings Changes

Several research analysts recently issued reports on DIS shares. UBS Group reissued a “buy” rating and issued a $138.00 price target on shares of Walt Disney in a research report on Friday, November 14th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research note on Friday, November 14th. Raymond James Financial reiterated a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

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.