Evanson Asset Management LLC Buys 169 Shares of The Walt Disney Company (NYSE:DIS)

Evanson Asset Management LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,510 shares of the entertainment giant’s stock after buying an additional 169 shares during the quarter. Evanson Asset Management LLC’s holdings in Walt Disney were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $26,000. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $29,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter valued at approximately $30,000. Finally, MBM Wealth Consultants LLC lifted its position in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

DIS traded up $1.38 on Thursday, reaching $122.36. 15,160,256 shares of the company’s stock were exchanged, compared to its average volume of 12,578,303. The stock has a market cap of $224.44 billion, a PE ratio of 75.61, a P/E/G ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock’s fifty day moving average price is $107.28 and its 200-day moving average price is $94.53. 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 posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $23.71 billion. During the same period in the previous year, the business posted $0.99 EPS. Walt Disney’s revenue was down .1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DIS shares. Macquarie upped their price objective on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Tigress Financial restated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Wells Fargo & Company upped their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. The Goldman Sachs Group dropped their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Rosenblatt Securities dropped their price objective on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $117.77.

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.