Tokio Marine Asset Management Co. Ltd. Has $9.42 Million Position in The Walt Disney Company (NYSE:DIS)

Tokio Marine Asset Management Co. Ltd. increased its position in The Walt Disney Company (NYSE:DIS) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,318 shares of the entertainment giant’s stock after buying an additional 1,761 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Walt Disney were worth $9,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Avitas Wealth Management LLC grew its holdings in Walt Disney by 2.2% during 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 grew its holdings in Walt Disney by 32.8% during 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 grew its holdings in Walt Disney by 4.9% during 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. grew its stake in shares of Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC grew its stake in shares of Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after acquiring an additional 546 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 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 the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.2 %

Shares of Walt Disney stock traded up $0.24 during trading on Wednesday, hitting $113.95. 6,149,590 shares of the company were exchanged, compared to its average volume of 11,901,535. The firm has a market capitalization of $209.02 billion, a P/E ratio of 70.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm’s fifty day moving average price is $114.15 and its 200 day moving average price is $99.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last posted its 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 company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given 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 payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIS. Rosenblatt Securities raised their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Tigress Financial restated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Bank of America raised their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

About Walt Disney

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.