Everett Harris & Co. CA Grows Holdings in The Walt Disney Company (NYSE:DIS)

Everett Harris & Co. CA grew its position in shares of The Walt Disney Company (NYSE:DIS) by 0.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,239,763 shares of the entertainment giant’s stock after buying an additional 2,469 shares during the quarter. Walt Disney accounts for 1.6% of Everett Harris & Co. CA’s holdings, making the stock its 15th biggest position. Everett Harris & Co. CA’s holdings in Walt Disney were worth $111,938,000 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 business. Dark Forest Capital Management LP bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $28,000. Worth Asset Management LLC bought a new position in Walt Disney during the first quarter valued at $29,000. Planned Solutions Inc. purchased a new stake in Walt Disney in the fourth quarter worth $26,000. SkyView Investment Advisors LLC raised its stake in shares of Walt Disney by 172.6% in the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after buying an additional 202 shares during the period. Finally, MBM Wealth Consultants LLC lifted its position in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock traded up $1.05 during mid-day trading on Wednesday, hitting $120.98. 10,765,027 shares of the stock were exchanged, compared to its average volume of 12,531,645. 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 stock has a market capitalization of $221.91 billion, a price-to-earnings ratio of 74.56, a PEG ratio of 1.85 and a beta of 1.41. The business has a fifty day moving average price of $106.66 and a 200 day moving average price of $94.34. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $122.03.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.62 EPS for the current year.

Walt Disney Cuts Dividend

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

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Rosenblatt Securities lowered their price objective on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Tigress Financial restated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. The Goldman Sachs Group reduced their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Wells Fargo & Company increased their target price on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley lifted their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $116.64.

Walt Disney 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.