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

Institute for Wealth Management LLC. raised its position in shares of The Walt Disney Company (NYSE:DIS) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,419 shares of the entertainment giant’s stock after buying an additional 3,771 shares during the quarter. Walt Disney comprises approximately 0.7% of Institute for Wealth Management LLC.’s portfolio, making the stock its 26th biggest position. Institute for Wealth Management LLC.’s holdings in Walt Disney were worth $4,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avitas Wealth Management LLC lifted its position in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares during the period. WNY Asset Management LLC lifted its position in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the period. Pathway Financial Advisors LLC lifted its position in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares during the period. Telos Capital Management Inc. lifted its position in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after buying an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC lifted its position in Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after buying an additional 546 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Performance

NYSE DIS traded down $0.23 during trading hours on Friday, hitting $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 company’s 50 day simple moving average is $113.90 and its two-hundred day simple moving average is $98.35. The company has a market cap of $205.81 billion, a P/E ratio of 69.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The Walt Disney Company has a 12 month low of $78.73 and a 12 month 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.

Walt Disney (NYSE:DIS) last released its quarterly 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 business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DIS shares. Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. Finally, Tigress Financial restated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

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.