Resonant Capital Advisors LLC Purchases 420 Shares of The Walt Disney Company (NYSE:DIS)

Resonant Capital Advisors LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,223 shares of the entertainment giant’s stock after buying an additional 420 shares during the period. Resonant Capital Advisors LLC’s holdings in Walt Disney were worth $2,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Walt Disney by 0.7% in the third 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 lifted its stake in Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the period. Trian Fund Management L.P. boosted its holdings in shares of Walt Disney by 411.6% during 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 acquiring an additional 26,443,257 shares during the last quarter. Northern Trust Corp grew its stake in shares of Walt Disney by 10.6% in the third 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 during the period. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS stock traded down $0.19 on Friday, reaching $112.24. 6,707,697 shares of the company were exchanged, compared to its average volume of 12,070,631. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The business has a 50-day moving average price of $113.90 and a 200 day moving average price of $98.35. The company has a market cap of $205.88 billion, a price-to-earnings ratio of 69.24, a P/E/G ratio of 1.64 and a beta of 1.42.

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

Walt Disney Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is presently 18.52%.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. Evercore ISI increased 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. 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 report on Wednesday, March 27th. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. Macquarie lifted their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.54.

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.