The Walt Disney Company (NYSE:DIS) Shares Acquired by RNC Capital Management LLC

RNC Capital Management LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,720 shares of the entertainment giant’s stock after buying an additional 4,473 shares during the period. RNC Capital Management LLC’s holdings in Walt Disney were worth $3,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after buying an additional 994,575 shares during the period. State Street Corp boosted its position in shares of Walt Disney by 3.5% in the second quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock worth $6,530,160,000 after buying an additional 2,482,492 shares during the period. Morgan Stanley boosted its position in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares during the period. Trian Fund Management L.P. boosted its position in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after buying an additional 2,384,407 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Needham & Company LLC raised Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Thursday, February 8th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $95.00 to $135.00 in a research report on Monday. Tigress Financial reissued a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. UBS Group lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.64.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.9 %

DIS stock opened at $120.98 on Thursday. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $122.03. The firm has a market cap of $221.91 billion, a P/E ratio of 74.68, a P/E/G ratio of 1.85 and a beta of 1.41. The business’s 50 day moving average is $106.66 and its 200-day moving average is $94.34. 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 announced 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 business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Equities analysts anticipate that The Walt Disney Company will post 4.62 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

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.