Private Advisor Group LLC Boosts Stock Position in The Walt Disney Company (NYSE:DIS)

Private Advisor Group LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 12.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,337 shares of the entertainment giant’s stock after acquiring an additional 29,758 shares during the quarter. Private Advisor Group LLC’s holdings in Walt Disney were worth $23,607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Planned Solutions Inc. bought a new stake in Walt Disney during the 4th quarter valued at $26,000. Stone House Investment Management LLC lifted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the period. Fortis Group Advisors LLC purchased a new stake in Walt Disney in the third quarter worth about $30,000. Evolution Advisers Inc. grew its holdings in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $2.81 during trading on Monday, reaching $116.47. 16,255,996 shares of the company’s stock traded hands, compared to its average volume of 11,571,038. The firm has a market cap of $213.64 billion, a PE ratio of 71.90, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a 50-day simple moving average of $114.67 and a 200-day simple moving average of $101.05. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

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, beating 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 business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter last year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that The Walt Disney Company will post 4.7 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced 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 of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Loop Capital upped their target price on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. UBS Group raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Argus upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Transactions at Walt Disney

In related 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 transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Company 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.