Marks Group Wealth Management Inc Acquires 1,000 Shares of The Walt Disney Company (NYSE:DIS)

Marks Group Wealth Management Inc raised its holdings in The Walt Disney Company (NYSE:DIS) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,014 shares of the entertainment giant’s stock after buying an additional 1,000 shares during the period. Marks Group Wealth Management Inc’s holdings in Walt Disney were worth $543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Gradient Capital Advisors LLC raised its stake in Walt Disney by 2.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after acquiring an additional 111 shares during the period. First Business Financial Services Inc. lifted its stake in shares of Walt Disney by 0.7% during the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 113 shares during the last quarter. Kelman Lazarov Inc. boosted its holdings in shares of Walt Disney by 3.4% during the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after buying an additional 117 shares during the period. CoreCap Advisors LLC grew its stake in Walt Disney by 0.5% in the 4th quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after buying an additional 118 shares during the last quarter. Finally, Bfsg LLC raised its holdings in Walt Disney by 3.2% in the 3rd quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock valued at $316,000 after acquiring an additional 121 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $113.72 on Wednesday. The company has a market capitalization of $208.59 billion, a PE ratio of 70.19, a P/E/G ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a 50 day simple moving average of $114.10 and a two-hundred day simple moving average of $99.27.

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

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. 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 Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Tigress Financial restated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.08.

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.