Roffman Miller Associates Inc. PA Has $21.30 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Roffman Miller Associates Inc. PA reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 235,887 shares of the entertainment giant’s stock after selling 5,581 shares during the period. Walt Disney accounts for approximately 1.5% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 28th largest position. Roffman Miller Associates Inc. PA’s holdings in Walt Disney were worth $21,298,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter valued at about $26,000. Stone House Investment Management LLC grew its holdings in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in Walt Disney during the 3rd quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in Walt Disney in the third quarter valued at approximately $35,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock traded down $0.51 during trading hours on Friday, hitting $112.26. 2,667,022 shares of the company were exchanged, compared to its average volume of 11,738,861. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $205.92 billion, a price-to-earnings ratio of 69.30, a P/E/G ratio of 1.40 and a beta of 1.42. The firm has a fifty day simple moving average of $114.16 and a 200 day simple moving average of $99.46. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last issued 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. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. Research analysts predict 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 announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders 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 yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred 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 directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Bank of America upped their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Raymond James raised their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Needham & Company LLC increased their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.08.

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.