Duality Advisers LP Acquires Shares of 54,990 The Walt Disney Company (NYSE:DIS)

Duality Advisers LP purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 54,990 shares of the entertainment giant’s stock, valued at approximately $4,965,000.

Other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in Walt Disney during the fourth quarter worth about $26,000. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the 1st quarter valued at approximately $29,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney in the third quarter valued at approximately $30,000. Finally, Stone House Investment Management LLC lifted its stake in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Walt Disney stock traded up $0.18 during midday trading on Friday, reaching $112.61. The company’s stock had a trading volume of 9,436,023 shares, compared to its average volume of 10,044,029. 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 fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock’s 50 day simple moving average is $113.98 and its 200 day simple moving average is $98.83. The firm has a market capitalization of $206.56 billion, a PE ratio of 69.51, a P/E/G ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate 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 was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current 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 paid a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Wall Street Analyst Weigh In

Several research firms have commented on DIS. UBS Group upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group dropped their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. started 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $124.54.

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.