MONECO Advisors LLC Has $1.84 Million Stock Position in The Walt Disney Company (NYSE:DIS)

MONECO Advisors LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 21.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,337 shares of the entertainment giant’s stock after acquiring an additional 3,648 shares during the quarter. MONECO Advisors LLC’s holdings in Walt Disney were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of DIS. Auxano Advisors LLC grew its stake in shares of Walt Disney by 1.2% in the fourth quarter. Auxano Advisors LLC now owns 17,418 shares of the entertainment giant’s stock worth $1,573,000 after acquiring an additional 213 shares during the last quarter. WealthTrust Axiom LLC increased its holdings in shares of Walt Disney by 10.2% during the 4th quarter. WealthTrust Axiom LLC now owns 7,170 shares of the entertainment giant’s stock worth $647,000 after purchasing an additional 663 shares during the period. Certuity LLC raised its position in shares of Walt Disney by 65.4% during the fourth quarter. Certuity LLC now owns 14,137 shares of the entertainment giant’s stock valued at $1,276,000 after buying an additional 5,588 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its stake in shares of Walt Disney by 6.8% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 29,579 shares of the entertainment giant’s stock valued at $2,671,000 after buying an additional 1,896 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in Walt Disney by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 108,550 shares of the entertainment giant’s stock worth $9,801,000 after buying an additional 6,986 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded down $0.97 during mid-day trading on Tuesday, hitting $111.11. 8,146,340 shares of the company traded hands, compared to its average volume of 11,685,459. 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 business has a 50-day moving average of $114.19 and a 200 day moving average of $100.06. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a market capitalization of $203.80 billion, a price-to-earnings ratio of 68.61, a PEG ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $23.71 billion. During the same period last year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect 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 $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction 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 completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DIS has been the subject of several recent research reports. Bank of America upped 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. The Goldman Sachs Group reduced their target price 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. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company increased their price target on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.08.

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.