Headlands Technologies LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Headlands Technologies LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,665 shares of the entertainment giant’s stock, valued at approximately $241,000.

Other institutional investors have also made changes to their positions in the company. Planned Solutions Inc. bought a new position in shares of Walt Disney in the fourth quarter worth $26,000. Fortis Group Advisors LLC acquired a new stake in Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Evolution Advisers Inc. raised its position in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Walt Disney during the 3rd quarter worth approximately $35,000. 65.71% of the stock is currently owned by institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated 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 owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Argus lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Guggenheim lifted 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. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Evercore ISI raised their price objective on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.73 on Friday. The stock has a market capitalization of $206.78 billion, a PE ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42. The business’s 50 day simple moving average is $114.18 and its 200 day simple moving average is $99.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

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.