Connecticut Wealth Management LLC Has $914,000 Stake in The Walt Disney Company (NYSE:DIS)

Connecticut Wealth Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,126 shares of the entertainment giant’s stock after buying an additional 446 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Walt Disney were worth $914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Planned Solutions Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth about $26,000. Fortis Group Advisors LLC bought a new stake in Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC boosted its position in Walt Disney by 355.3% during the fourth 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 during the last quarter. Evolution Advisers Inc. grew its stake in 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 in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Walt Disney during the 3rd quarter worth approximately $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on 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 owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

NYSE:DIS traded up $1.04 during trading hours on Friday, reaching $113.66. 7,411,112 shares of the company were exchanged, compared to its average volume of 7,776,801. The business has a 50 day moving average of $114.50 and a 200 day moving average of $100.81. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. 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 company has a market capitalization of $208.49 billion, a P/E ratio of 70.16, a P/E/G ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released 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. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. Research analysts forecast 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. 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 presently 18.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Needham & Company LLC raised their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Macquarie raised their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Daiwa Capital Markets reissued a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

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.