Lansing Street Advisors Purchases Shares of 2,081 The Walt Disney Company (NYSE:DIS)

Lansing Street Advisors purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, Holdings Channel.com reports. The firm purchased 2,081 shares of the entertainment giant’s stock, valued at approximately $232,000.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the 4th quarter valued at approximately $28,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $43,000. Cedar Mountain Advisors LLC lifted its stake in shares of Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.44.

Walt Disney Trading Down 1.7 %

Shares of NYSE:DIS opened at $108.62 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s fifty day simple moving average is $110.70 and its 200-day simple moving average is $102.49. The company has a market capitalization of $196.37 billion, a PE ratio of 35.38, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s payout ratio is 32.57%.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Walt Disney Company 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.