The Walt Disney Company (NYSE:DIS) Position Raised by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,628 shares of the entertainment giant’s stock after buying an additional 810 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Walt Disney were worth $1,682,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Trian Fund Management L.P. increased its holdings in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after buying an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the period. Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter valued at $1,433,075,000. Morgan Stanley boosted its position in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in Walt Disney in the 3rd quarter worth about $326,171,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS traded up $1.38 during midday trading on Friday, hitting $122.36. The company had a trading volume of 15,367,421 shares, compared to its average volume of 10,777,911. The firm has a fifty day simple moving average of $107.88 and a two-hundred day simple moving average of $94.72. The stock has a market cap of $224.44 billion, a price-to-earnings ratio of 75.53, a P/E/G ratio of 1.86 and a beta of 1.41. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm 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 company posted $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts forecast 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 announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Needham & Company LLC lifted their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Rosenblatt Securities lowered their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Finally, Wells Fargo & Company raised their price target on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.77.

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.