Axxcess Wealth Management LLC Acquires 9,136 Shares of The Walt Disney Company (NYSE:DIS)

Axxcess Wealth Management LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 19.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,327 shares of the entertainment giant’s stock after buying an additional 9,136 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Walt Disney were worth $5,086,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $30,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% during the 4th 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 period. Evolution Advisers Inc. lifted its position in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares during the period. Finally, Orion Capital Management LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $35,000. 65.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS traded up $1.04 during trading hours on Friday, hitting $113.66. 7,411,112 shares of the company’s stock traded hands, compared to its average volume of 7,776,801. The business’s fifty day moving average price is $114.50 and its two-hundred day moving average price is $100.60. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $208.49 billion, a P/E ratio of 70.16, a P/E/G ratio of 1.38 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.67 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 55.56%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DIS. Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Evercore ISI lifted their target price on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Guggenheim lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.08.

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.