The Walt Disney Company (NYSE:DIS) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,319 shares of the entertainment giant’s stock after acquiring an additional 196 shares during the quarter. Sargent Investment Group LLC’s holdings in Walt Disney were worth $300,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DIS. Trian Fund Management L.P. increased its stake in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. First Eagle Investment Management LLC bought a new stake in Walt Disney during the third quarter worth approximately $326,171,000. International Assets Investment Management LLC boosted its holdings in Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after buying an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after buying an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Walt Disney by 10.6% during 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 in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Argus raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. UBS Group raised 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. JPMorgan Chase & Co. assumed 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 for the company. Bank of America raised their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.0 %

Walt Disney stock opened at $112.73 on Monday. The company has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. 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 firm’s fifty day simple moving average is $114.18 and its 200-day simple moving average is $99.86.

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 firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. Sell-side analysts forecast 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 issued 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 presently 18.52%.

Walt Disney Company 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.