Saxon Interests Inc. Buys Shares of 3,105 The Walt Disney Company (NYSE:DIS)

Saxon Interests Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,105 shares of the entertainment giant’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Planned Solutions Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth $26,000. Dark Forest Capital Management LP bought a new stake in Walt Disney during the 1st quarter worth $28,000. Worth Asset Management LLC acquired a new position in Walt Disney in the 1st quarter worth about $29,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the third quarter valued at about $30,000. Finally, MBM Wealth Consultants LLC boosted its stake in shares of Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. Rosenblatt Securities cut their price target on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Needham & Company LLC raised their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.77.

Walt Disney Stock Performance

Shares of NYSE DIS traded up $1.38 during midday trading on Thursday, hitting $122.36. The company’s stock had a trading volume of 15,160,256 shares, compared to its average volume of 12,578,303. The stock has a fifty day moving average price of $107.28 and a 200 day moving average price of $94.53. The firm has a market capitalization of $224.44 billion, a price-to-earnings ratio of 75.61, a P/E/G ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. On average, research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid 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 dividend payout ratio is currently 18.52%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by 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.