VCI Wealth Management LLC Makes New $281,000 Investment in The Walt Disney Company (NYSE:DIS)

VCI Wealth Management LLC purchased a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,112 shares of the entertainment giant’s stock, valued at approximately $281,000.

A number of other institutional investors also recently made changes to their positions in DIS. Vanguard Group Inc. boosted its stake in Walt Disney by 0.7% during the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after buying an additional 994,575 shares in the last quarter. Morgan Stanley increased its holdings in shares of Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after acquiring an additional 195,512 shares during the last quarter. Trian Fund Management L.P. grew its holdings in Walt Disney by 411.6% in the 3rd 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 during the last quarter. Northern Trust Corp lifted its position in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Walt Disney by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant’s stock worth $1,683,961,000 after acquiring an additional 217,567 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.04 on Friday, hitting $112.73. The stock had a trading volume of 6,292,905 shares, compared to its average volume of 11,784,900. The stock has a market cap of $206.78 billion, a price-to-earnings ratio of 69.32, a P/E/G ratio of 1.40 and a beta of 1.42. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company’s 50 day moving average price is $114.16 and its 200 day moving average price is $99.46. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period last year, the business posted $0.99 EPS. Walt Disney’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts anticipate 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. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The stock was 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 directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DIS. 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, March 26th. Macquarie upped their target price on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Needham & Company LLC upped their target price on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Argus upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

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.