Xponance Inc. Buys 18,827 Shares of The Walt Disney Company (NYSE:DIS)

Xponance Inc. raised its stake in The Walt Disney Company (NYSE:DIS) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 249,095 shares of the entertainment giant’s stock after buying an additional 18,827 shares during the quarter. Xponance Inc.’s holdings in Walt Disney were worth $22,491,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $26,000. Dark Forest Capital Management LP acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $28,000. Worth Asset Management LLC acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter valued at approximately $30,000. Finally, Stone House Investment Management LLC raised its holdings in shares of 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 purchasing an additional 270 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded down $0.51 on Thursday, reaching $112.43. The company had a trading volume of 7,586,320 shares, compared to its average volume of 12,101,166. The stock has a market capitalization of $206.23 billion, a PE ratio of 70.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business’s 50-day moving average is $113.86 and its 200 day moving average is $98.25.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 4.66 EPS 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. 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 (DPR) is currently 18.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DIS. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. The Goldman Sachs Group lowered their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Finally, Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $124.54.

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.