The Walt Disney Company (NYSE:DIS) Shares Bought by KLCM Advisors Inc.

KLCM Advisors Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 90.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 171,075 shares of the entertainment giant’s stock after acquiring an additional 81,227 shares during the quarter. Walt Disney makes up about 2.4% of KLCM Advisors Inc.’s portfolio, making the stock its 14th biggest holding. KLCM Advisors Inc.’s holdings in Walt Disney were worth $15,446,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Avitas Wealth Management LLC grew its stake in shares of Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares during the last quarter. WNY Asset Management LLC boosted its holdings in shares of Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after buying an additional 2,304 shares during the period. Pathway Financial Advisors LLC boosted its holdings in shares of Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after buying an additional 141 shares during the period. Tempus Wealth Planning LLC boosted its holdings in shares of Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after buying an additional 546 shares during the period. Finally, Stelac Advisory Services LLC boosted its holdings in shares of Walt Disney by 7.7% in the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after buying an additional 4,915 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DIS shares. Wells Fargo & Company raised their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Raymond James raised their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Evercore ISI raised their target price on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.54.

Insider Buying and Selling

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 transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.93 during trading on Wednesday, reaching $113.88. The stock had a trading volume of 9,291,419 shares, compared to its average volume of 10,451,374. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market capitalization of $208.89 billion, a price-to-earnings ratio of 70.30, a P/E/G ratio of 1.64 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. The stock has a fifty day simple moving average of $113.59 and a two-hundred day simple moving average of $98.14.

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

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

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.