Thompson Davis & CO. Inc. Makes New $361,000 Investment in The Walt Disney Company (NYSE:DIS)

Thompson Davis & CO. Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,000 shares of the entertainment giant’s stock, valued at approximately $361,000.

Several other institutional investors have also recently bought and sold shares of the business. Planned Solutions Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth about $26,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC grew 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 purchasing an additional 270 shares during the last quarter. Evolution Advisers Inc. grew 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 purchasing an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in Walt Disney in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.9 %

Shares of NYSE DIS traded down $0.97 during mid-day trading on Tuesday, hitting $111.11. 8,146,340 shares of the stock traded hands, compared to its average volume of 11,685,459. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market cap of $203.80 billion, a price-to-earnings ratio of 68.58, a PEG ratio of 1.39 and a beta of 1.42. The stock has a fifty day moving average price of $114.22 and a 200-day moving average price of $100.25.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 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 for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on DIS shares. Tigress Financial reiterated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $135.00 in a report on Monday, March 25th. Bank of America upped their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Needham & Company LLC increased their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

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.