GUNN & Co INVESTMENT MANAGEMENT INC. Purchases Shares of 4,909 The Walt Disney Company (NYSE:DIS)

GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel reports. The fund acquired 4,909 shares of the entertainment giant’s stock, valued at approximately $443,000.

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

Walt Disney Stock Down 8.9 %

NYSE:DIS traded down $10.39 during mid-day trading on Tuesday, hitting $106.08. 19,202,070 shares of the company’s stock were exchanged, compared to its average volume of 11,629,841. 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 $114.67 and a 200 day moving average price of $101.05. The company has a market cap of $194.59 billion, a PE ratio of 65.90, 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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 earned $0.99 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 4.7 EPS for the current year.

Walt Disney Cuts Dividend

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

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price 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. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, Needham & Company LLC increased their price objective on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Buying and Selling

In other 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 value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.