SlateStone Wealth LLC Has $3.85 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

SlateStone Wealth LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 13.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,600 shares of the entertainment giant’s stock after buying an additional 4,990 shares during the period. SlateStone Wealth LLC’s holdings in Walt Disney were worth $3,846,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Gradient Capital Advisors LLC increased its holdings in shares of Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after acquiring an additional 111 shares in the last quarter. First Business Financial Services Inc. grew its holdings in shares of 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 worth $1,338,000 after acquiring an additional 113 shares during the period. Kelman Lazarov Inc. grew its stake in shares of Walt Disney by 3.4% during the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock valued at $324,000 after purchasing an additional 117 shares during the period. CoreCap Advisors LLC increased its holdings in Walt Disney by 0.5% during the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after buying an additional 118 shares during the last quarter. Finally, Bfsg LLC raised its position in Walt Disney by 3.2% in the third quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock worth $316,000 after acquiring an additional 121 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Transactions 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 shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.2 %

Shares of NYSE:DIS opened at $113.50 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $208.19 billion, a PE ratio of 70.19, a P/E/G ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The business’s fifty day simple moving average is $114.10 and its 200-day simple moving average is $99.27.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group reduced their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

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.