The Walt Disney Company (NYSE:DIS) Shares Acquired by Choreo LLC

Choreo LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,408 shares of the entertainment giant’s stock after purchasing an additional 13,318 shares during the period. Choreo LLC’s holdings in Walt Disney were worth $4,295,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in Walt Disney in the fourth quarter valued at about $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. Stone House Investment Management LLC boosted its stake 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 buying an additional 270 shares during the last quarter. Evolution Advisers Inc. grew its position in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Walt Disney in the third quarter worth $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.6 %

DIS opened at $112.06 on Tuesday. 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 market capitalization of $205.56 billion, a price-to-earnings ratio of 69.17, a P/E/G ratio of 1.39 and a beta of 1.42. The company has a 50-day simple moving average of $114.19 and a 200 day simple moving average of $100.06. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

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

Walt Disney Cuts Dividend

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

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 transaction, 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 SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on DIS shares. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Macquarie boosted their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.