Connecticut Wealth Management LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Connecticut Wealth Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. 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 filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $26,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in Walt Disney in the third quarter valued at $30,000. Evolution Advisers Inc. lifted its holdings in Walt Disney by 38.2% during the 4th 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 position in shares of Walt Disney during the 3rd quarter worth about $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Guggenheim upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Evercore ISI lifted their price target on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Morgan Stanley raised their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded up $1.04 during mid-day trading on Friday, reaching $113.66. The stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business has a 50 day simple moving average of $114.50 and a 200 day simple moving average of $100.81. The firm has a market capitalization of $208.49 billion, a price-to-earnings ratio of 70.16, a PEG ratio of 1.39 and a beta of 1.40. 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 issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $23.71 billion. During the same period in the prior year, the business posted $0.99 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

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.