Meridian Wealth Partners LLC Purchases 259 Shares of The Walt Disney Company (NYSE:DIS)

Meridian Wealth Partners LLC grew its position in The Walt Disney Company (NYSE:DIS) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,903 shares of the entertainment giant’s stock after purchasing an additional 259 shares during the period. Meridian Wealth Partners LLC’s holdings in Walt Disney were worth $262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DIS. Magnus Financial Group LLC lifted its stake in Walt Disney by 10.0% in the 4th quarter. Magnus Financial Group LLC now owns 18,052 shares of the entertainment giant’s stock valued at $1,630,000 after acquiring an additional 1,637 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Walt Disney by 31.3% in the fourth quarter. Intellectus Partners LLC now owns 23,874 shares of the entertainment giant’s stock worth $2,163,000 after purchasing an additional 5,689 shares in the last quarter. RiverFront Investment Group LLC boosted its holdings in Walt Disney by 3.8% during the fourth quarter. RiverFront Investment Group LLC now owns 5,037 shares of the entertainment giant’s stock worth $455,000 after purchasing an additional 184 shares during the last quarter. Sargent Investment Group LLC grew its position in Walt Disney by 6.3% in the fourth quarter. Sargent Investment Group LLC now owns 3,319 shares of the entertainment giant’s stock valued at $300,000 after purchasing an additional 196 shares in the last quarter. Finally, Omnia Family Wealth LLC increased its stake in Walt Disney by 2.0% in the 4th quarter. Omnia Family Wealth LLC now owns 13,706 shares of the entertainment giant’s stock valued at $1,242,000 after buying an additional 263 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.04 during trading on Friday, reaching $112.73. The company’s stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market cap of $206.78 billion, a PE ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The business’s 50-day moving average price is $114.18 and its 200-day moving average price is $99.76. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Needham & Company LLC increased their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Bank of America boosted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the 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 sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.