17,051 Shares in The Walt Disney Company (NYSE:DIS) Bought by Wynn Capital LLC

Wynn Capital LLC bought a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel reports. The fund bought 17,051 shares of the entertainment giant’s stock, valued at approximately $1,540,000. Walt Disney comprises about 1.3% of Wynn Capital LLC’s holdings, making the stock its 24th largest position.

A number of other hedge funds have also modified their holdings of the stock. Impact Partnership Wealth LLC grew its holdings in shares of Walt Disney by 225.1% during the third quarter. Impact Partnership Wealth LLC now owns 2,331 shares of the entertainment giant’s stock valued at $189,000 after buying an additional 1,614 shares in the last quarter. Elevated Capital Advisors LLC grew its holdings in shares of Walt Disney by 33.3% during the third quarter. Elevated Capital Advisors LLC now owns 5,922 shares of the entertainment giant’s stock valued at $480,000 after buying an additional 1,480 shares in the last quarter. Atlas Brown Inc. grew its holdings in shares of Walt Disney by 1.7% during the third quarter. Atlas Brown Inc. now owns 19,131 shares of the entertainment giant’s stock valued at $1,551,000 after buying an additional 328 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Walt Disney by 85.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 13,752 shares of the entertainment giant’s stock valued at $1,115,000 after purchasing an additional 6,317 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its position in Walt Disney by 1.4% during the third quarter. BTC Capital Management Inc. now owns 52,672 shares of the entertainment giant’s stock valued at $4,269,000 after purchasing an additional 706 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following 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 filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

NYSE DIS traded up $0.24 during trading hours on Wednesday, reaching $113.95. 6,149,590 shares of the company’s stock were exchanged, compared to its average volume of 11,901,535. The stock has a market cap of $209.02 billion, a PE ratio of 70.10, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm has a fifty day moving average of $114.10 and a 200-day moving average of $99.27. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for 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%. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, equities research analysts predict 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 declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors 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 yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Argus lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. One research 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 company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

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.