PDS Planning Inc Buys 1,299 Shares of The Walt Disney Company (NYSE:DIS)

PDS Planning Inc lifted its holdings in The Walt Disney Company (NYSE:DIS) by 24.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,508 shares of the entertainment giant’s stock after purchasing an additional 1,299 shares during the period. PDS Planning Inc’s holdings in Walt Disney were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% during the third 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. First Eagle Investment Management LLC acquired a new position in Walt Disney during the third quarter worth $326,171,000. International Assets Investment Management LLC increased its holdings in Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after buying an additional 3,311,563 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after buying an additional 2,505,486 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Walt Disney by 10.6% during the third 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. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $1.50 during mid-day trading on Tuesday, reaching $113.49. 2,311,062 shares of the company’s stock were exchanged, compared to its average volume of 11,915,481. The firm has a market capitalization of $208.17 billion, a price-to-earnings ratio of 69.95, a price-to-earnings-growth ratio of 1.38 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. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm has a 50-day moving average price of $114.04 and a two-hundred day moving average price of $99.05.

Walt Disney (NYSE:DIS) last released its 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 company had revenue of $23.50 billion for 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 for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. Analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a 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%.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Evercore ISI upped their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Argus upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Rosenblatt Securities upped their price target 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. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’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 sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.