The Walt Disney Company (NYSE:DIS) Stock Position Raised by Lynch Asset Management Inc.

Lynch Asset Management Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,675 shares of the entertainment giant’s stock after buying an additional 4,100 shares during the period. Walt Disney comprises approximately 1.7% of Lynch Asset Management Inc.’s portfolio, making the stock its 22nd biggest position. Lynch Asset Management Inc.’s holdings in Walt Disney were worth $2,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Planned Solutions Inc. acquired a new stake in Walt Disney during the fourth quarter valued at $26,000. Dark Forest Capital Management LP acquired a new stake in shares of Walt Disney in the first quarter worth about $28,000. Worth Asset Management LLC acquired a new stake in shares of Walt Disney in the first quarter worth about $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter worth about $30,000. Finally, MBM Wealth Consultants LLC lifted its position in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Bank of America boosted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. One 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 company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.71.

Walt Disney Price Performance

Shares of DIS stock traded down $1.01 during trading hours on Wednesday, hitting $116.96. The company had a trading volume of 2,726,653 shares, compared to its average volume of 12,369,792. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm has a market capitalization of $214.54 billion, a price-to-earnings ratio of 72.34, a PEG ratio of 1.70 and a beta of 1.42. The firm’s fifty day moving average is $111.81 and its 200 day moving average is $96.92. 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 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 for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 4.66 EPS 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 issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

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.