J.W. Cole Advisors Inc. Has $3.40 Million Stake in The Walt Disney Company (NYSE:DIS)

J.W. Cole Advisors Inc. increased its position in The Walt Disney Company (NYSE:DIS) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,656 shares of the entertainment giant’s stock after acquiring an additional 448 shares during the period. J.W. Cole Advisors Inc.’s holdings in Walt Disney were worth $3,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kraft Davis & Associates LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $525,000. Onyx Bridge Wealth Group LLC lifted its position in Walt Disney by 3.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 12,247 shares of the entertainment giant’s stock worth $1,106,000 after acquiring an additional 463 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Walt Disney during the fourth quarter valued at about $124,000. Evolution Wealth Advisors LLC boosted its holdings in Walt Disney by 32.9% during the fourth quarter. Evolution Wealth Advisors LLC now owns 7,442 shares of the entertainment giant’s stock valued at $672,000 after acquiring an additional 1,842 shares during the period. Finally, Greenleaf Trust grew its position in shares of Walt Disney by 12.7% in the fourth quarter. Greenleaf Trust now owns 40,906 shares of the entertainment giant’s stock valued at $3,693,000 after purchasing an additional 4,598 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.18 during mid-day trading on Friday, hitting $112.61. 9,436,023 shares of the stock were exchanged, compared to its average volume of 10,044,029. The company has a market cap of $206.56 billion, a P/E ratio of 69.52, a PEG 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. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock’s fifty day simple moving average is $113.98 and its two-hundred day simple moving average is $98.56.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations 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 was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given 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 payout ratio is 18.52%.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction 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 transaction, 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 SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DIS shares. Rosenblatt Securities upped their target price 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. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $135.00 in a research note on Monday, March 25th. The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. started coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

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.