AMI Investment Management Inc. Buys 1,605 Shares of The Walt Disney Company (NYSE:DIS)

AMI Investment Management Inc. lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,635 shares of the entertainment giant’s stock after purchasing an additional 1,605 shares during the period. Walt Disney comprises 1.3% of AMI Investment Management Inc.’s investment portfolio, making the stock its 27th largest position. AMI Investment Management Inc.’s holdings in Walt Disney were worth $3,309,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Trian Fund Management L.P. lifted its holdings in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney during the 4th quarter valued at $1,433,075,000. Morgan Stanley lifted its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after purchasing an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth about $326,171,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DIS shares. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Rosenblatt Securities cut their price target on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.77.

Walt Disney Stock Performance

NYSE:DIS opened at $122.36 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $107.28 and a two-hundred day moving average price of $94.53. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a market capitalization of $224.44 billion, a P/E ratio of 75.53, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same period last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

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.