9,917 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of The Walt Disney Company (NYSE:DISFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,917 shares of the entertainment giant’s stock, valued at approximately $895,000.

A number of other large investors have also recently made changes to their positions in DIS. Berkshire Bank boosted its stake in shares of Walt Disney by 0.5% during the fourth quarter. Berkshire Bank now owns 25,276 shares of the entertainment giant’s stock valued at $2,282,000 after acquiring an additional 132 shares during the last quarter. Essex Savings Bank raised its holdings in shares of Walt Disney by 22.2% during the 4th quarter. Essex Savings Bank now owns 11,898 shares of the entertainment giant’s stock valued at $1,074,000 after buying an additional 2,161 shares during the period. Osborne Partners Capital Management LLC raised its holdings in shares of Walt Disney by 4.5% during the 4th quarter. Osborne Partners Capital Management LLC now owns 97,992 shares of the entertainment giant’s stock valued at $8,848,000 after buying an additional 4,233 shares during the period. Veracity Capital LLC raised its holdings in shares of Walt Disney by 2.2% during the 4th quarter. Veracity Capital LLC now owns 5,723 shares of the entertainment giant’s stock valued at $517,000 after buying an additional 124 shares during the period. Finally, Bridge Creek Capital Management LLC increased its holdings in Walt Disney by 0.4% during the 4th quarter. Bridge Creek Capital Management LLC now owns 43,405 shares of the entertainment giant’s stock worth $3,919,000 after purchasing an additional 158 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DIS. UBS Group lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Macquarie upped their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Raymond James raised 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. Finally, The Goldman Sachs Group reduced their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.04.

View Our Latest Report on Walt Disney

Walt Disney Stock Up 1.1 %

DIS opened at $122.84 on Wednesday. The business has a 50 day moving average price of $108.99 and a 200 day moving average price of $95.42. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. 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 firm has a market cap of $225.32 billion, a P/E ratio of 75.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping 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 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 4.66 EPS 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 given a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insiders Place Their Bets

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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

About Walt Disney

(Free Report)

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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