Legacy Financial Advisors Inc. Grows Holdings in The Walt Disney Company (NYSE:DIS)

Legacy Financial Advisors Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 32.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,999 shares of the entertainment giant’s stock after buying an additional 2,712 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Walt Disney were worth $993,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sapient Capital LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $33,400,000. Axxcess Wealth Management LLC lifted its position in Walt Disney by 19.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 56,327 shares of the entertainment giant’s stock worth $5,086,000 after buying an additional 9,136 shares during the last quarter. Signature Resources Capital Management LLC purchased a new stake in Walt Disney in the fourth quarter worth approximately $61,000. Power Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $645,000. Finally, M&T Bank Corp raised its stake in shares of Walt Disney by 10.7% during the fourth quarter. M&T Bank Corp now owns 923,356 shares of the entertainment giant’s stock worth $83,371,000 after acquiring an additional 89,299 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated 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 directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.9 %

NYSE:DIS traded up $1.04 during mid-day trading on Friday, hitting $113.66. 7,411,112 shares of the company’s stock were exchanged, compared to its average volume of 7,776,801. The company has a market cap of $208.49 billion, a PE ratio of 70.16, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business has a fifty day moving average price of $114.50 and a 200 day moving average price of $100.60.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same period in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 4.7 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently announced 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 is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Rosenblatt Securities lifted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Needham & Company LLC upped their price target on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group dropped their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. One equities 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.08.

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.