Global Wealth Management Investment Advisory Inc. Raises Stake in The Walt Disney Company (NYSE:DIS)

Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,427 shares of the entertainment giant’s stock after purchasing an additional 133 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Walt Disney were worth $219,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter worth $26,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $30,000. Stone House Investment Management LLC boosted 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 acquiring an additional 270 shares in the last quarter. Evolution Advisers Inc. boosted its holdings in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. Needham & Company LLC raised their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Rosenblatt Securities raised 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. Finally, Guggenheim raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Stock Performance

Shares of DIS opened at $110.45 on Thursday. 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 cap of $202.60 billion, a P/E ratio of 68.18, a PEG ratio of 1.36 and a beta of 1.40. The company has a 50-day moving average of $114.28 and a two-hundred day moving average of $100.32. 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 posted its quarterly earnings data 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 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 company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 4.67 EPS 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. Stockholders of record on Monday, July 8th will be given a $0.45 dividend. 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 is presently 18.52%.

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.