Chase Investment Counsel Corp Takes $220,000 Position in The Walt Disney Company (NYSE:DIS)

Chase Investment Counsel Corp bought a new position in The Walt Disney Company (NYSE:DIS) during the fourth quarter, HoldingsChannel reports. The firm bought 2,446 shares of the entertainment giant’s stock, valued at approximately $220,000.

Several other hedge funds have also bought and sold shares of DIS. Planned Solutions Inc. bought a new position in shares of Walt Disney in the fourth quarter valued at $26,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in Walt Disney during the 3rd quarter valued at about $30,000. Evolution Advisers Inc. increased its holdings in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Walt Disney in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Argus lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Bank of America upped their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $135.00 in a report on Monday, March 25th. Raymond James increased their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.08.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Down 0.6 %

DIS opened at $112.06 on Tuesday. The company has a 50 day moving average of $114.19 and a 200 day moving average of $100.06. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market cap of $205.56 billion, a PE ratio of 69.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

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%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared 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 18.52%.

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.