Evolution Advisers Inc. Purchases 105 Shares of The Walt Disney Company (NYSE:DIS)

Evolution Advisers Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 38.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 380 shares of the entertainment giant’s stock after acquiring an additional 105 shares during the period. Evolution Advisers Inc.’s holdings in Walt Disney were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after buying an additional 994,575 shares during the last quarter. Morgan Stanley increased its holdings in shares of Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after buying an additional 195,512 shares during the last quarter. Trian Fund Management L.P. increased its holdings in shares of Walt Disney by 411.6% in 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 buying an additional 26,443,257 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after buying an additional 2,384,407 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant’s stock worth $1,683,961,000 after buying an additional 217,567 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DIS. Guggenheim increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Needham & Company LLC upped their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. One 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. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Down 1.0 %

Shares of Walt Disney stock traded down $1.18 during trading on Thursday, hitting $112.74. The company’s stock had a trading volume of 8,033,218 shares, compared to its average volume of 11,853,280. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a fifty day simple moving average of $114.16 and a two-hundred day simple moving average of $99.46. The company has a market capitalization of $206.80 billion, a PE ratio of 69.59, a P/E/G ratio of 1.40 and a beta of 1.42. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly 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 net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Equities research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current 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 paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is 18.52%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were 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 approximately $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.