The Walt Disney Company (NYSE:DIS) Shares Acquired by Everett Harris & Co. CA

Everett Harris & Co. CA boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,239,763 shares of the entertainment giant’s stock after purchasing an additional 2,469 shares during the quarter. Walt Disney makes up 1.6% of Everett Harris & Co. CA’s holdings, making the stock its 15th largest position. Everett Harris & Co. CA owned about 0.07% of Walt Disney worth $111,938,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $26,000. Dark Forest Capital Management LP purchased a new stake in shares of Walt Disney during the first quarter worth $28,000. Worth Asset Management LLC purchased a new stake in shares of Walt Disney during the first quarter worth $29,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the third quarter worth about $30,000. Finally, MBM Wealth Consultants LLC boosted its position in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 243 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS traded up $1.05 on Wednesday, reaching $120.98. 10,765,027 shares of the stock traded hands, compared to its average volume of 12,531,645. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The stock’s 50-day moving average price is $106.66 and its 200-day moving average price is $94.34. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $122.03. The firm has a market cap of $221.91 billion, a price-to-earnings ratio of 74.56, a P/E/G ratio of 1.85 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities analysts forecast that The Walt Disney Company will post 4.62 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business 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 $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 (DPR) is presently 18.52%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIS. 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 note on Tuesday. Tigress Financial reiterated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Barclays raised 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. Finally, Rosenblatt Securities reduced their price objective on Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. One equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.64.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares in the company, valued at $167,694.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.