Private Advisor Group LLC Acquires 29,758 Shares of The Walt Disney Company (NYSE:DIS)

Private Advisor Group LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 261,337 shares of the entertainment giant’s stock after buying an additional 29,758 shares during the period. Private Advisor Group LLC’s holdings in Walt Disney were worth $23,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth approximately $26,000. Stone House Investment Management LLC grew its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Fortis Group Advisors LLC purchased a new stake in Walt Disney during the 3rd quarter valued at $30,000. Evolution Advisers Inc. lifted its holdings in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the period. 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 currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $2.81 during midday trading on Monday, reaching $116.47. 16,255,996 shares of the company traded hands, compared to its average volume of 11,571,038. 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 firm has a market cap of $213.64 billion, a PE ratio of 71.90, a PEG ratio of 1.39 and a beta of 1.40. The stock’s 50-day simple moving average is $114.67 and its 200-day simple moving average is $101.05. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 4.7 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 paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Needham & Company LLC raised their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Loop Capital boosted their target price on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday. UBS Group increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Raymond James upped their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $127.17.

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.