Institute for Wealth Management LLC. Acquires 3,771 Shares of The Walt Disney Company (NYSE:DIS)

Institute for Wealth Management LLC. raised its holdings in The Walt Disney Company (NYSE:DIS) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,419 shares of the entertainment giant’s stock after purchasing an additional 3,771 shares during the quarter. Walt Disney makes up about 0.7% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 26th largest position. Institute for Wealth Management LLC.’s holdings in Walt Disney were worth $4,191,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Avitas Wealth Management LLC raised its position in shares of Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the last quarter. WNY Asset Management LLC raised its position in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the last quarter. Pathway Financial Advisors LLC raised its position in shares of Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the last quarter. Telos Capital Management Inc. grew its stake in shares of Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC grew its stake in shares of Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after purchasing an additional 546 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Evercore ISI boosted their target price on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Rosenblatt Securities boosted their target price on 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 boosted their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Price Performance

Shares of DIS stock traded down $0.23 during trading hours on Friday, reaching $112.20. The company’s stock had a trading volume of 6,289,413 shares, compared to its average volume of 12,065,371. The firm’s 50 day simple moving average is $113.90 and its 200-day simple moving average is $98.35. The company has a market capitalization of $205.81 billion, a price-to-earnings ratio of 69.24, a PEG ratio of 1.64 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney 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.