Trust Point Inc. Takes $781,000 Position in The Walt Disney Company (NYSE:DIS)
Other hedge funds have also added to or reduced their stakes in the company. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter valued at $26,000. Dark Forest Capital Management LP bought a new position in shares of Walt Disney in the 1st quarter valued at about $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney in the 1st quarter valued at about $29,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at about $30,000. Finally, MBM Wealth Consultants LLC grew its position in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the period. Institutional investors own 65.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday. Guggenheim lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.13.
Get Our Latest Stock Report on DIS
Walt Disney Stock Down 1.6 %
Shares of Walt Disney stock traded down $1.89 during trading on Thursday, reaching $117.09. 13,760,142 shares of the company traded hands, compared to its average volume of 12,730,208. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a 50 day moving average price of $110.08 and a 200-day moving average price of $95.85. The firm has a market capitalization of $214.78 billion, a PE ratio of 73.90, a P/E/G ratio of 1.78 and a beta of 1.42.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share 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 firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.
Walt Disney Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is 18.52%.
Insiders Place Their Bets
In other news, EVP Sonia L. Coleman sold 1,857 shares of the 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 completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.
About Walt Disney
(Free Report)
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.
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