Ade LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)

Ade LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,319 shares of the entertainment giant’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Fidelis Capital Partners LLC grew its holdings in Walt Disney by 40.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 8,887 shares of the entertainment giant’s stock worth $802,000 after acquiring an additional 2,543 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp grew its holdings in Walt Disney by 12.5% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,834 shares of the entertainment giant’s stock worth $1,068,000 after acquiring an additional 1,315 shares during the last quarter. Xponance Inc. grew its holdings in Walt Disney by 8.2% in the 4th quarter. Xponance Inc. now owns 249,095 shares of the entertainment giant’s stock worth $22,491,000 after acquiring an additional 18,827 shares during the last quarter. Tiller Private Wealth Inc. grew its holdings in Walt Disney by 13.2% in the 4th quarter. Tiller Private Wealth Inc. now owns 8,205 shares of the entertainment giant’s stock worth $741,000 after acquiring an additional 956 shares during the last quarter. Finally, Integral Investment Advisors Inc. grew its holdings in Walt Disney by 6.5% in the 4th quarter. Integral Investment Advisors Inc. now owns 5,246 shares of the entertainment giant’s stock worth $474,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock traded down $0.51 during midday trading on Thursday, reaching $112.43. 7,580,403 shares of the company were exchanged, compared to its average volume of 12,137,087. The firm’s 50-day simple moving average is $113.86 and its 200-day simple moving average is $98.25. 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 Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $206.23 billion, a price-to-earnings ratio of 70.39, a P/E/G ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly 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 business had revenue of $23.50 billion during 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 business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. On average, analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid 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 presently 18.52%.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. UBS Group raised their target price 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. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Raymond James raised their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Company 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.