Archer Investment Corp Has $1.33 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Archer Investment Corp cut its position in shares of The Walt Disney Company (NYSE:DIS) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 14,777 shares of the entertainment giant’s stock after selling 220 shares during the quarter. Archer Investment Corp’s holdings in Walt Disney were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after acquiring an additional 994,575 shares during the period. Morgan Stanley raised its position in Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares during the period. Trian Fund Management L.P. raised its position in 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 worth $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. Northern Trust Corp raised its position in Walt Disney by 10.6% in the third 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, Moneta Group Investment Advisors LLC raised its position in Walt Disney by 109,924.5% in 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 acquiring an additional 23,644,765 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.6 %

Shares of Walt Disney stock traded down $0.68 during trading on Wednesday, reaching $113.20. The company’s stock had a trading volume of 4,539,044 shares, compared to its average volume of 12,156,949. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a market cap of $207.64 billion, a price-to-earnings ratio of 70.30, a PEG ratio of 1.64 and a beta of 1.42. The firm’s 50-day moving average is $113.59 and its two-hundred day moving average is $98.14. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

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 net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The firm’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Morgan Stanley boosted 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. Guggenheim boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Tigress Financial reissued a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. Finally, Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.