Strid Group LLC Invests $786,000 in The Walt Disney Company (NYSE:DIS)

Strid Group LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 8,702 shares of the entertainment giant’s stock, valued at approximately $786,000. Walt Disney makes up 0.2% of Strid Group LLC’s portfolio, making the stock its 27th largest position.

Other large investors also recently bought and sold shares of the company. Compton Capital Management Inc. RI grew its position in Walt Disney by 0.5% during the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after purchasing an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC raised its holdings in shares of Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after acquiring an additional 100 shares in the last quarter. Linscomb & Williams Inc. boosted its position in Walt Disney by 1.9% during the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after purchasing an additional 106 shares during the last quarter. First Business Financial Services Inc. grew its stake in Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in Walt Disney by 0.5% in the 4th quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock traded up $0.49 during trading hours on Thursday, hitting $113.43. The stock had a trading volume of 1,917,760 shares, compared to its average volume of 12,060,227. The company has a 50-day moving average of $113.86 and a two-hundred day moving average of $98.25. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market cap of $208.06 billion, a PE ratio of 70.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal 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. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DIS shares. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $135.00 in a report on Monday, March 25th. The Goldman Sachs Group dropped their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Bank of America increased their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. One investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Insider Activity at Walt Disney

In other Walt Disney 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 sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

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.