The Walt Disney Company (NYSE:DIS) Stock Holdings Increased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 108,550 shares of the entertainment giant’s stock after purchasing an additional 6,986 shares during the period. Kestra Private Wealth Services LLC’s holdings in Walt Disney were worth $9,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Walt Disney by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after purchasing an additional 994,575 shares during the last quarter. Morgan Stanley grew its stake in shares of Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after purchasing an additional 195,512 shares during the period. Trian Fund Management L.P. grew its stake in shares of Walt Disney by 411.6% in the 3rd 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 period. Northern Trust Corp boosted its holdings in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant’s stock worth $1,683,961,000 after acquiring an additional 217,567 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DIS. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Argus increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.6 %

NYSE DIS traded down $0.68 during trading on Tuesday, reaching $111.40. 2,734,187 shares of the company’s stock traded hands, compared to its average volume of 11,618,502. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $204.34 billion, a price-to-earnings ratio of 68.93, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company’s 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $100.06.

Walt Disney (NYSE:DIS) last posted its quarterly 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. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.66 EPS 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. Stockholders of record on Monday, July 8th will be given 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 payout ratio is 18.52%.

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.