Private Management Group Inc. Has $312,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Private Management Group Inc. increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,458 shares of the entertainment giant’s stock after buying an additional 412 shares during the quarter. Private Management Group Inc.’s holdings in Walt Disney were worth $312,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Planned Solutions Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $26,000. Stone House Investment Management LLC lifted its holdings in shares of Walt Disney by 355.3% in the fourth 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 in the last quarter. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the third quarter valued at about $30,000. Orion Capital Management LLC bought a new stake in shares of Walt Disney in the third quarter valued at about $35,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. Rosenblatt Securities upped their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. UBS Group boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Finally, The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. One equities 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. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Price Performance

Walt Disney stock traded up $0.21 during mid-day trading on Wednesday, reaching $113.92. 6,030,934 shares of the company were exchanged, compared to its average volume of 11,882,228. The company has a fifty day simple moving average of $114.10 and a 200-day simple moving average of $99.27. The firm has a market cap of $208.96 billion, a PE ratio of 70.10, a PEG ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

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

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.