The Walt Disney Company (NYSE:DIS) Stake Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its position in shares of The Walt Disney Company (NYSE:DIS) by 34.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,414 shares of the entertainment giant’s stock after purchasing an additional 7,351 shares during the period. Citizens Financial Group Inc. RI’s holdings in Walt Disney were worth $2,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DIS. Trian Fund Management L.P. lifted its stake in Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Walt Disney during the third quarter worth $326,171,000. International Assets Investment Management LLC lifted its stake in Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after purchasing an additional 3,311,563 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after buying an additional 2,505,486 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Morgan Stanley raised their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s 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 completion of the sale, the executive vice president now 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 available at this link. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 0.0 %

DIS traded down $0.04 during trading on Friday, reaching $112.73. The company had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The firm’s 50-day simple moving average is $114.18 and its 200 day simple moving average is $99.66. The company has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42. The Walt Disney Company has a 12-month low of $78.73 and a 12-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.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share 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. Investors of record on Monday, July 8th will be paid 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 18.52%.

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.