Opinicus Capital Inc. Purchases New Stake in The Walt Disney Company (NYSE:DIS)

Opinicus Capital Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,827 shares of the entertainment giant’s stock, valued at approximately $797,000.

Several other hedge funds have also added to or reduced their stakes in DIS. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter valued at about $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Evolution Advisers Inc. boosted its holdings in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in Walt Disney during the third quarter worth about $35,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.0 %

Shares of NYSE:DIS traded down $0.04 during trading on Friday, hitting $112.73. 6,304,843 shares of the company were exchanged, compared to its average volume of 9,049,604. The stock has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a fifty day moving average price of $114.18 and a two-hundred day moving average price of $99.66. 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 posted its quarterly 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. The firm 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 business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business 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 dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Insiders Place Their Bets

In other 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 transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Rosenblatt Securities raised their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. 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 report on Thursday, March 28th. Finally, Evercore ISI lifted their price objective on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.08.

About Walt Disney

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.