RDA Financial Network Raises Holdings in The Walt Disney Company (NYSE:DIS)

RDA Financial Network raised its position in shares of The Walt Disney Company (NYSE:DIS) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,645 shares of the entertainment giant’s stock after acquiring an additional 266 shares during the period. RDA Financial Network’s holdings in Walt Disney were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Edgestream Partners L.P. raised its position in Walt Disney by 67.3% in the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after purchasing an additional 2,610 shares during the period. MQS Management LLC purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $479,000. Intech Investment Management LLC raised its holdings in shares of Walt Disney by 38.1% during the 2nd quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock valued at $18,270,000 after buying an additional 50,759 shares during the period. Brighton Jones LLC lifted its position in Walt Disney by 6.8% during the 2nd quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock worth $2,788,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in Walt Disney by 1.6% in the 2nd quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock worth $17,780,000 after acquiring an additional 2,779 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI raised their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.54.

Walt Disney Trading Up 0.6 %

NYSE DIS opened at $107.07 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a 50-day simple moving average of $111.92 and a 200-day simple moving average of $99.62. The firm has a market capitalization of $193.90 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. On average, equities analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by company insiders.

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.