The Walt Disney Company (NYSE:DIS) Stock Holdings Increased by First National Bank Sioux Falls

First National Bank Sioux Falls lifted its stake in The Walt Disney Company (NYSE:DIS) by 47.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,017 shares of the entertainment giant’s stock after acquiring an additional 2,593 shares during the quarter. First National Bank Sioux Falls’ holdings in Walt Disney were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Planned Solutions Inc. bought a new position in Walt Disney during the fourth quarter valued at approximately $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC raised its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Walt Disney in the third quarter valued at approximately $35,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Walt Disney by 15,900.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock valued at $39,000 after purchasing an additional 477 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DIS. Macquarie lifted their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday. Rosenblatt Securities raised their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Finally, Tigress Financial restated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. One research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Trading Up 1.5 %

NYSE:DIS traded up $1.73 on Tuesday, hitting $113.72. 6,830,656 shares of the stock were exchanged, compared to its average volume of 11,972,034. The stock has a market capitalization of $208.59 billion, a price-to-earnings ratio of 69.95, a P/E/G ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company’s 50-day moving average price is $114.04 and its 200 day moving average price is $99.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the company earned $0.99 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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