Hilltop Wealth Advisors LLC Acquires New Holdings in The Walt Disney Company (NYSE:DIS)

Hilltop Wealth Advisors LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,424 shares of the entertainment giant’s stock, valued at approximately $219,000.

A number of other hedge funds have also recently made changes to their positions in DIS. Dark Forest Capital Management LP purchased a new stake in Walt Disney in the first quarter valued at $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney during the first quarter worth about $29,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter valued at approximately $30,000. MBM Wealth Consultants LLC lifted its holdings in Walt Disney by 197.6% in the fourth 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 during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth approximately $35,000. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Walt Disney Trading Up 0.5 %

Shares of DIS stock traded up $0.60 during trading on Tuesday, hitting $119.96. 11,848,768 shares of the stock traded hands, compared to its average volume of 12,561,147. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $120.40. The firm has a market capitalization of $220.04 billion, a P/E ratio of 74.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.41. The firm’s fifty day moving average price is $106.12 and its 200-day moving average price is $94.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, research analysts forecast that The Walt Disney Company will post 4.62 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued 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 is currently 55.56%.

Analyst Ratings Changes

DIS has been the subject of several analyst reports. Tigress Financial reiterated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Rosenblatt Securities reduced their price objective on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. Needham & Company LLC raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, February 8th. The Goldman Sachs Group cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.27.

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.