Ade LLC Takes $209,000 Position in The Walt Disney Company (NYSE:DIS)

Ade LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,319 shares of the entertainment giant’s stock, valued at approximately $209,000.

Other institutional investors have also bought and sold shares of the company. Avitas Wealth Management LLC lifted its stake in Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after purchasing an additional 238 shares during the last quarter. WNY Asset Management LLC lifted its stake in Walt Disney by 32.8% in the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares during the last quarter. Pathway Financial Advisors LLC lifted its stake in Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares during the last quarter. Telos Capital Management Inc. lifted its stake in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its stake in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after purchasing an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS traded down $0.51 during trading on Thursday, reaching $112.43. The stock had a trading volume of 7,580,403 shares, compared to its average volume of 12,137,087. The stock has a market cap of $206.23 billion, a PE ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business has a 50-day moving average of $113.86 and a 200-day moving average of $98.25.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 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 analysts’ expectations of $23.71 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal 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 paid a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DIS. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Evercore ISI increased their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. UBS Group increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, Raymond James increased 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.