The Walt Disney Company (NYSE:DIS) Shares Bought by Addison Advisors LLC

Addison Advisors LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,138 shares of the entertainment giant’s stock after purchasing an additional 391 shares during the quarter. Addison Advisors LLC’s holdings in Walt Disney were worth $554,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Evolution Advisers Inc. increased its holdings in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares during the last quarter. Gradient Capital Advisors LLC increased its stake in Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after purchasing an additional 111 shares during the last quarter. First Business Financial Services Inc. raised its holdings in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after purchasing an additional 113 shares during the period. Kelman Lazarov Inc. lifted its position in shares of Walt Disney by 3.4% in 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 last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of 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 period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Guggenheim increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Rosenblatt Securities boosted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC increased their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Price Performance

Walt Disney stock traded down $0.04 during mid-day trading on Friday, hitting $112.73. The company’s stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock’s fifty day moving average price is $114.18 and its two-hundred day moving average price is $99.76. The stock has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $23.71 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Walt Disney’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

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.