Eagle Wealth Strategies LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Eagle Wealth Strategies LLC bought a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,107 shares of the entertainment giant’s stock, valued at approximately $281,000.

A number of other institutional investors also recently bought and sold shares of DIS. Private Asset Management Inc. lifted its holdings in Walt Disney by 11.8% in the third quarter. Private Asset Management Inc. now owns 43,370 shares of the entertainment giant’s stock valued at $3,515,000 after acquiring an additional 4,581 shares during the period. Bfsg LLC grew its position in shares of Walt Disney by 3.2% during the third quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock worth $316,000 after purchasing an additional 121 shares in the last quarter. Plimoth Trust Co. LLC grew its position in shares of Walt Disney by 8.7% during the third quarter. Plimoth Trust Co. LLC now owns 24,798 shares of the entertainment giant’s stock worth $2,010,000 after purchasing an additional 1,977 shares in the last quarter. Lake Street Financial LLC boosted its stake in Walt Disney by 7.7% during the third quarter. Lake Street Financial LLC now owns 7,410 shares of the entertainment giant’s stock valued at $594,000 after buying an additional 528 shares during the last quarter. Finally, My Legacy Advisors LLC boosted its stake in Walt Disney by 22.9% during the third quarter. My Legacy Advisors LLC now owns 12,160 shares of the entertainment giant’s stock valued at $1,012,000 after buying an additional 2,264 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $112.73 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The stock has a 50-day moving average price of $114.18 and a 200 day moving average price of $99.86.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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. The company 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%. Walt Disney’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Monday, July 8th will be given a $0.45 dividend. This represents a dividend 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 Ratings Changes

DIS has been the subject of a number of research reports. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Macquarie increased their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. The Goldman Sachs Group dropped their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Evercore ISI raised their price objective on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Activity

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 completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.