Wedge Capital Management L L P NC Invests $337,000 in The Walt Disney Company (NYSE:DIS)

Wedge Capital Management L L P NC bought a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,730 shares of the entertainment giant’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in Walt Disney in the fourth quarter valued at $26,000. Fortis Group Advisors LLC acquired a new position in Walt Disney in the third quarter valued at $30,000. Stone House Investment Management LLC boosted its holdings in 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 acquiring an additional 270 shares during the last quarter. Orion Capital Management LLC acquired a new position in Walt Disney in the third quarter valued at $35,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Walt Disney by 15,900.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock valued at $39,000 after acquiring an additional 477 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.0 %

Shares of Walt Disney stock opened at $112.73 on Friday. 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 firm has a market cap of $206.78 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.40 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The business has a 50-day moving average price of $114.18 and a 200 day moving average price of $99.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Walt Disney’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 4.66 earnings per share 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. Shareholders 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 currently 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Argus lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company boosted their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney 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.