Kraft Davis & Associates LLC Acquires Shares of 5,495 The Walt Disney Company (NYSE:DIS)

Kraft Davis & Associates LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,495 shares of the entertainment giant’s stock, valued at approximately $525,000.

Several other institutional investors have also modified their holdings of DIS. Trian Fund Management L.P. boosted its stake in shares of Walt Disney by 411.6% during the 3rd 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 in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Walt Disney by 109,924.5% during the 4th 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 in the last quarter. Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $1,433,075,000. Morgan Stanley boosted its stake in shares of Walt Disney by 13.5% during the 4th 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 in the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Walt Disney during the 3rd quarter worth approximately $326,171,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.2 %

NYSE:DIS traded up $0.19 during mid-day trading on Friday, hitting $112.62. The company had a trading volume of 9,408,120 shares, compared to its average volume of 12,109,229. The business has a fifty day simple moving average of $113.98 and a 200-day simple moving average of $98.56. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market capitalization of $206.58 billion, a price-to-earnings ratio of 69.52, a PEG ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the company posted $0.99 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced 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 of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIS. Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. The Goldman Sachs Group cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Finally, Morgan Stanley boosted their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One 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 company. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target 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 completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.