Disciplined Equity Management Inc. Invests $63,000 in The Walt Disney Company (NYSE:DIS)

Disciplined Equity Management Inc. acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 700 shares of the entertainment giant’s stock, valued at approximately $63,000.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Avitas Wealth Management LLC boosted its holdings in Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the period. WNY Asset Management LLC increased its position in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after acquiring an additional 2,304 shares during the period. Pathway Financial Advisors LLC raised its stake in shares of 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 in the last quarter. Telos Capital Management Inc. raised its position in shares of Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares in the last quarter. Finally, Tempus Wealth Planning LLC lifted its position in 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 purchasing an additional 546 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.2 %

Walt Disney stock traded up $0.24 during midday trading on Wednesday, reaching $113.95. The stock had a trading volume of 6,149,590 shares, compared to its average volume of 11,901,535. 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 simple moving average is $114.15 and its 200-day simple moving average is $99.37. The stock 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The firm 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%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred 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 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 link. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Needham & Company LLC raised their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Argus lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. The Goldman Sachs Group dropped their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Evercore ISI raised their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

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.