PFG Investments LLC Buys 34,775 Shares of The Walt Disney Company (NYSE:DIS)

PFG Investments LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 280.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,165 shares of the entertainment giant's stock after acquiring an additional 34,775 shares during the quarter. PFG Investments LLC's holdings in Walt Disney were worth $5,771,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Avitas Wealth Management LLC boosted its position in shares of Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant's stock valued at $997,000 after buying an additional 238 shares during the period. WNY Asset Management LLC boosted its position in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant's stock valued at $756,000 after buying an additional 2,304 shares during the period. Pathway Financial Advisors LLC boosted its position in shares of Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant's stock valued at $245,000 after buying an additional 141 shares during the period. Telos Capital Management Inc. boosted its holdings in shares of Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant's stock valued at $6,751,000 after purchasing an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC boosted its holdings in shares of Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant's stock valued at $1,031,000 after purchasing an additional 546 shares during the period. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company's stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Walt Disney Stock Down 0.0 %

Shares of NYSE:DIS traded down $0.04 during trading on Friday, hitting $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 business has a 50 day moving average price of $114.18 and a two-hundred day moving average price of $99.76. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analysts' expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share. As a group, research analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Thursday, April 11th. They issued an "overweight" rating and a $140.00 price target for the company. Daiwa Capital Markets reiterated a "buy" rating and issued a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. Wells Fargo & Company boosted their price target on Walt Disney from $128.00 to $141.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Evercore ISI boosted their price target on Walt Disney from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Monday, April 8th. 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. Based on data from MarketBeat, the stock presently 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.

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