AJOVista LLC Purchases Shares of 2,368 The Walt Disney Company (NYSE:DIS)

AJOVista 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 and Exchange Commission. The firm bought 2,368 shares of the entertainment giant’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Planned Solutions Inc. acquired a new stake in Walt Disney during the 4th quarter valued at $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the third quarter worth about $30,000. Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% during the 4th 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 in the last quarter. 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 during the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at approximately $35,000. 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 firm’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 sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $1.04 during trading on Friday, reaching $113.66. The stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market capitalization of $208.49 billion, a price-to-earnings ratio of 70.16, a P/E/G ratio of 1.39 and a beta of 1.40. 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 stock has a fifty day simple moving average of $114.50 and a two-hundred day simple moving average of $100.60.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. As a group, analysts anticipate that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid 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 18.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Needham & Company LLC lifted their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. began coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Finally, Tigress Financial reissued a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.08.

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.