Waycross Partners LLC Buys 9,000 Shares of The Walt Disney Company (NYSE:DIS)

Waycross Partners LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 56.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,000 shares of the entertainment giant’s stock after acquiring an additional 9,000 shares during the quarter. Waycross Partners LLC’s holdings in Walt Disney were worth $2,257,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter valued at about $30,000. Stone House Investment Management LLC boosted its position in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Evolution Advisers Inc. boosted its position in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter valued at about $35,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DIS shares. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Argus boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Raymond James boosted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Bank of America boosted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Needham & Company LLC boosted their price target on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $125.08.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.9 %

NYSE:DIS traded down $0.97 during trading hours on Tuesday, hitting $111.11. The stock had a trading volume of 8,146,340 shares, compared to its average volume of 11,685,459. The Walt Disney Company has a one year low of $78.73 and a one year 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 company has a market cap of $203.80 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.39 and a beta of 1.42. The business’s 50 day moving average is $114.22 and its 200-day moving average is $100.25.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid 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 payout ratio is presently 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.