The Walt Disney Company (NYSE:DIS) Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its holdings in The Walt Disney Company (NYSE:DIS) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,508 shares of the entertainment giant’s stock after acquiring an additional 1,299 shares during the period. PDS Planning Inc’s holdings in Walt Disney were worth $588,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Trian Fund Management L.P. raised its position in Walt Disney by 411.6% in the third 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 purchasing an additional 26,443,257 shares during the period. First Eagle Investment Management LLC purchased a new stake in Walt Disney in the third quarter valued at approximately $326,171,000. International Assets Investment Management LLC raised its position in Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the period. Loomis Sayles & Co. L P raised its position in Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after purchasing an additional 2,505,486 shares during the period. Finally, Northern Trust Corp increased its position in shares of Walt Disney by 10.6% during 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. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

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 value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $1.50 on Tuesday, hitting $113.49. The company had a trading volume of 2,311,062 shares, compared to its average volume of 11,915,481. The business has a 50-day simple moving average of $114.04 and a 200-day simple moving average of $99.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company has a market cap of $208.17 billion, a PE ratio of 69.95, a PEG ratio of 1.38 and a beta of 1.42. 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 released 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 business had revenue of $23.50 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.99 earnings per share. Research analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. Needham & Company LLC raised their price objective 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. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Tigress Financial reissued a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Finally, Guggenheim raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. One research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

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.