The Walt Disney Company (NYSE:DIS) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,858 shares of the entertainment giant’s stock after purchasing an additional 4,635 shares during the period. Schechter Investment Advisors LLC’s holdings in Walt Disney were worth $1,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new stake in Walt Disney during the first quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at approximately $29,000. SkyView Investment Advisors LLC lifted its position in shares of Walt Disney by 172.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $120.98 on Thursday. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $122.03. The firm’s fifty day simple moving average is $106.66 and its 200 day simple moving average is $94.34. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $221.91 billion, a PE ratio of 74.68, a PEG ratio of 1.85 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the business posted $0.99 EPS. Walt Disney’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.62 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. Investors of record on Monday, July 8th will be paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is presently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DIS shares. Tigress Financial restated a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $95.00 to $135.00 in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $116.64.

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.