The Walt Disney Company (NYSE:DIS) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 24.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,130 shares of the entertainment giant’s stock after purchasing an additional 1,202 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Walt Disney were worth $553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Bridge Creek Capital Management LLC lifted its holdings in shares of Walt Disney by 1.2% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 43,247 shares of the entertainment giant’s stock valued at $3,505,000 after purchasing an additional 495 shares during the last quarter. Buttonwood Financial Advisors Inc. lifted its holdings in shares of Walt Disney by 7.9% in the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 23,975 shares of the entertainment giant’s stock valued at $1,943,000 after purchasing an additional 1,762 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in shares of Walt Disney by 900.0% in the 3rd quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 51,078 shares of the entertainment giant’s stock valued at $4,140,000 after purchasing an additional 45,970 shares during the last quarter. GAM Holding AG raised its stake in Walt Disney by 133.2% during the 3rd quarter. GAM Holding AG now owns 131,382 shares of the entertainment giant’s stock valued at $10,649,000 after acquiring an additional 75,052 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its stake in Walt Disney by 40.5% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 5,404 shares of the entertainment giant’s stock valued at $438,000 after acquiring an additional 1,558 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS traded up $1.67 during trading hours on Tuesday, reaching $113.66. 4,523,519 shares of the company traded hands, compared to its average volume of 11,943,140. The firm’s 50-day moving average is $114.04 and its 200-day moving average is $99.05. The stock has a market cap of $208.49 billion, a P/E ratio of 69.95, a P/E/G ratio of 1.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities research analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Argus upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Guggenheim upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Needham & Company LLC increased their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.08.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.