Montecito Bank & Trust Buys Shares of 25,569 The Walt Disney Company $DIS

Montecito Bank & Trust acquired a new position in The Walt Disney Company (NYSE:DIS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,569 shares of the entertainment giant’s stock, valued at approximately $2,928,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of Walt Disney during the 2nd quarter valued at about $37,000. Total Investment Management Inc. acquired a new position in shares of Walt Disney in the 2nd quarter worth approximately $37,000. Howard Hughes Medical Institute bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $48,000. Finally, RMG Wealth Management LLC bought a new stake in Walt Disney during the second quarter worth approximately $49,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Down 0.9%

Shares of DIS stock opened at $110.56 on Thursday. The stock’s 50 day simple moving average is $109.15 and its 200 day simple moving average is $114.58. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $197.39 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.54 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The business had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the prior year, the firm earned $1.14 EPS. Walt Disney’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is presently 21.87%.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a research report on Wednesday, November 12th. UBS Group reiterated a “buy” rating and set a $138.00 price target on shares of Walt Disney in a report on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Guggenheim reissued a “buy” rating and set a $140.00 target price on shares of Walt Disney in a research note on Friday, November 14th. Finally, Weiss Ratings raised Walt Disney from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

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.