Westwood Holdings Group Inc. Buys 83,274 Shares of The Walt Disney Company $DIS

by · The Cerbat Gem

Westwood Holdings Group Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 963,969 shares of the entertainment giant’s stock after buying an additional 83,274 shares during the quarter. Walt Disney accounts for 0.9% of Westwood Holdings Group Inc.’s portfolio, making the stock its 18th biggest holding. Westwood Holdings Group Inc. owned approximately 0.05% of Walt Disney worth $119,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $4,220,599,000. Norges Bank acquired a new stake in Walt Disney during the second quarter worth $2,618,295,000. Viking Global Investors LP acquired a new stake in Walt Disney during the second quarter worth $725,219,000. Boston Partners increased its holdings in Walt Disney by 84.2% in the 2nd quarter. Boston Partners now owns 6,921,229 shares of the entertainment giant’s stock valued at $856,582,000 after buying an additional 3,162,938 shares during the period. Finally, Laurel Wealth Advisors LLC raised its stake in shares of Walt Disney by 11,943.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,827,112 shares of the entertainment giant’s stock valued at $350,590,000 after buying an additional 2,803,638 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $111.52 on Friday. The business’s fifty day moving average is $109.24 and its two-hundred day moving average is $114.61. 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 $199.10 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.54 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 – Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The business had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

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%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Cowen reiterated a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report 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. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $134.41.

Check Out Our Latest Report on Walt Disney

Walt Disney Company Profile

(Free Report)

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.

See Also

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