Drive Wealth Management LLC Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Drive Wealth Management LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 18.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,982 shares of the entertainment giant’s stock after buying an additional 1,085 shares during the period. Drive Wealth Management LLC’s holdings in Walt Disney were worth $633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compton Capital Management Inc. RI lifted its stake in shares of Walt Disney by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after buying an additional 100 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its stake in shares of Walt Disney by 2.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after buying an additional 100 shares during the last quarter. Linscomb & Williams Inc. lifted its stake in shares of Walt Disney by 1.9% in the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock worth $766,000 after buying an additional 106 shares during the last quarter. Apexium Financial LP lifted its stake in shares of Walt Disney by 1.3% in the second quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock worth $790,000 after buying an additional 113 shares during the last quarter. Finally, First Business Financial Services Inc. lifted its stake in shares of Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 113 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE DIS traded down $0.83 on Monday, hitting $121.53. 8,340,899 shares of the company were exchanged, compared to its average volume of 12,511,268. The firm has a 50 day moving average of $108.46 and a two-hundred day moving average of $95.16. The company has a market cap of $222.92 billion, a P/E ratio of 74.57, a P/E/G ratio of 1.88 and a beta of 1.41. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

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

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is presently 55.56%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday. UBS Group boosted 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. Finally, Bank of America boosted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.96.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.