Coombe Bender & Co LLC Purchases New Position in The Walt Disney Company (NYSE:DIS)

Coombe Bender & Co LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,888 shares of the entertainment giant’s stock, valued at approximately $171,000.

A number of other institutional investors also recently made changes to their positions in the company. Planned Solutions Inc. acquired a new position in Walt Disney in the 4th quarter valued at $26,000. Stone House Investment Management LLC raised its stake in Walt Disney by 355.3% in the 4th 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 in the last quarter. Fortis Group Advisors LLC bought a new stake in Walt Disney in the 3rd quarter valued at about $30,000. Evolution Advisers Inc. grew 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 worth $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Walt Disney during the third quarter worth approximately $35,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.0 %

DIS traded up $1.07 during midday trading on Thursday, hitting $111.55. 3,071,017 shares of the company were exchanged, compared to its average volume of 11,519,902. The firm has a market capitalization of $204.62 billion, a P/E ratio of 68.61, a P/E/G ratio of 1.36 and a beta of 1.40. The firm’s 50 day moving average price is $114.28 and its 200-day moving average price is $100.32. 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 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 4.67 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. Investors of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DIS shares. Bank of America boosted their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Needham & Company LLC increased their price target on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. One 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 MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus 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 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 transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by corporate 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.