GAMMA Investing LLC Takes $1.06 Million Position in The Walt Disney Company (NYSE:DIS)

GAMMA Investing LLC bought a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,064 shares of the entertainment giant’s stock, valued at approximately $1,063,000.

A number of other institutional investors have also modified their holdings of DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $26,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC grew its holdings in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Walt Disney during the third quarter valued at approximately $35,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Walt Disney by 15,900.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock valued at $39,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Up 1.5 %

Shares of DIS traded up $1.73 during mid-day trading on Tuesday, reaching $113.72. The company’s stock had a trading volume of 6,830,656 shares, compared to its average volume of 11,972,034. The business has a fifty day moving average of $114.04 and a 200 day moving average of $99.05. The company has a market cap of $208.59 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 1 year low of $78.73 and a 1 year 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 released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, analysts forecast 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 issued a $0.45 dividend. 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 currently 18.52%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI upped their target price on 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 target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Macquarie upped their target price on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

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.