Coombe Bender & Co LLC Takes $171,000 Position in The Walt Disney Company (NYSE:DIS)

Coombe Bender & Co LLC bought a new position in The Walt Disney Company (NYSE:DIS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,888 shares of the entertainment giant’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the 4th quarter worth $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the third quarter valued at about $30,000. Stone House Investment Management LLC boosted its position in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the last quarter. Evolution Advisers Inc. grew its stake 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 purchasing an additional 105 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in shares of Walt Disney during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS traded up $1.07 during mid-day trading on Thursday, hitting $111.55. 3,071,017 shares of the stock were exchanged, compared to its average volume of 11,519,902. 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 $204.62 billion, a PE ratio of 68.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a 50-day moving average of $114.28 and a two-hundred day moving average of $100.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for 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. Walt Disney’s revenue was down .1% on a year-over-year basis. On average, equities analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders 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 is 18.52%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Evercore ISI raised their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Raymond James lifted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Morgan Stanley raised their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective 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 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.08.

Insider Activity at Walt Disney

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