Intellectus Partners LLC Has $2.16 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Intellectus Partners LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,874 shares of the entertainment giant’s stock after purchasing an additional 5,689 shares during the period. Intellectus Partners LLC’s holdings in Walt Disney were worth $2,163,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney during the third quarter worth $30,000. Stone House Investment Management LLC increased its holdings in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Evolution Advisers Inc. increased its holdings in shares of 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 in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Walt Disney during the third quarter worth $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.0 %

Shares of NYSE DIS traded down $0.04 during trading on Friday, hitting $112.73. 6,304,843 shares of the company traded hands, compared to its average volume of 9,049,604. The business’s fifty day moving average is $114.18 and its 200 day moving average is $99.76. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. 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 data 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current fiscal 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 issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DIS shares. Needham & Company LLC upped their price target on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Guggenheim boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Macquarie boosted their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.08.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction 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 company insiders.

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.