The Walt Disney Company (NYSE:DIS) Stake Raised by Royal Fund Management LLC

Royal Fund Management LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,880 shares of the entertainment giant’s stock after purchasing an additional 113 shares during the quarter. Royal Fund Management LLC’s holdings in Walt Disney were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. SevenBridge Financial Group LLC grew its position in Walt Disney by 17.1% in the third quarter. SevenBridge Financial Group LLC now owns 32,792 shares of the entertainment giant’s stock worth $2,658,000 after buying an additional 4,796 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Walt Disney by 2.2% in the 3rd quarter. Forsta AP Fonden now owns 476,600 shares of the entertainment giant’s stock valued at $38,628,000 after purchasing an additional 10,300 shares during the period. Diversified Investment Strategies LLC increased its stake in Walt Disney by 2.5% in the 3rd quarter. Diversified Investment Strategies LLC now owns 31,876 shares of the entertainment giant’s stock worth $2,584,000 after purchasing an additional 772 shares in the last quarter. Intellectus Partners LLC raised its holdings in Walt Disney by 7.1% during the 3rd quarter. Intellectus Partners LLC now owns 18,185 shares of the entertainment giant’s stock worth $1,474,000 after buying an additional 1,200 shares during the period. Finally, Kennedy Investment Group lifted its stake in Walt Disney by 7.9% during the third quarter. Kennedy Investment Group now owns 2,719 shares of the entertainment giant’s stock valued at $220,000 after buying an additional 199 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Morgan Stanley increased their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Bank of America lifted their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group lowered their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Up 0.9 %

Shares of DIS traded up $1.04 during mid-day trading on Friday, hitting $113.66. 7,411,112 shares of the company’s stock were exchanged, compared to its average volume of 7,776,801. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $114.50 and a two-hundred day moving average of $100.60. The stock has a market cap of $208.49 billion, a price-to-earnings ratio of 70.16, a P/E/G ratio of 1.38 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 4.67 earnings per share for the current 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 issued 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 55.56%.

Walt Disney 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.