Metis Global Partners LLC Has $9.34 Million Holdings in The Walt Disney Company (NYSE:DIS)

Metis Global Partners LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,480 shares of the entertainment giant’s stock after buying an additional 14,256 shares during the quarter. Metis Global Partners LLC’s holdings in Walt Disney were worth $9,343,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Planned Solutions Inc. bought a new stake in Walt Disney in the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at about $30,000. Stone House Investment Management LLC increased its stake in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Evolution Advisers Inc. increased its position in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at approximately $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred 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 directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.9 %

Shares of Walt Disney stock traded up $1.04 during trading on Friday, hitting $113.66. The company’s stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The stock has a market cap of $208.49 billion, a price-to-earnings ratio of 70.16, a price-to-earnings-growth 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 52 week low of $78.73 and a 52 week high of $123.74. The stock has a 50-day moving average price of $114.50 and a two-hundred day moving average price of $100.81.

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

Walt Disney Cuts Dividend

The company 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. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research reports. Guggenheim upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Needham & Company LLC raised their price target on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Evercore ISI lifted their price target on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Tigress Financial reiterated a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Company 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.