Wellington Capital Management Inc. Invests $912,000 in The Walt Disney Company $DIS

Wellington Capital Management Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,355 shares of the entertainment giant’s stock, valued at approximately $912,000. Walt Disney accounts for about 1.3% of Wellington Capital Management Inc.’s portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. increased its holdings in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney during the 2nd quarter worth $37,000. Howard Hughes Medical Institute acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $48,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Walt Disney in the first quarter valued at about $53,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, November 13th. UBS Group reissued a “buy” rating and set a $138.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Evercore ISI boosted 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. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Monday, December 8th. Eighteen equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $111.52 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $109.24 and a 200 day moving average price of $114.61. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a market cap of $199.10 billion, a P/E ratio of 16.26, a PEG ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last issued 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 for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue was down .5% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is presently 14.58%.

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.