Evanson Asset Management LLC Buys 169 Shares of The Walt Disney Company (NYSE:DIS)

Evanson Asset Management LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,510 shares of the entertainment giant’s stock after acquiring an additional 169 shares during the period. Evanson Asset Management LLC’s holdings in Walt Disney were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Planned Solutions Inc. bought a new stake in Walt Disney in the fourth quarter valued at approximately $26,000. Dark Forest Capital Management LP acquired a new stake in Walt Disney during the 1st quarter worth about $28,000. Worth Asset Management LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at about $29,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at about $30,000. Finally, MBM Wealth Consultants LLC grew its stake in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.1 %

DIS traded up $1.38 during trading on Thursday, hitting $122.36. 15,160,256 shares of the stock were exchanged, compared to its average volume of 12,578,303. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market cap of $224.44 billion, a price-to-earnings ratio of 75.61, a P/E/G ratio of 1.84 and a beta of 1.41. The firm has a 50 day simple moving average of $107.28 and a 200 day simple moving average of $94.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

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, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, equities analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group cut their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Rosenblatt Securities dropped their price target on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Finally, Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.77.

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.