Courier Capital LLC Raises Stake in The Walt Disney Company (NYSE:DIS)

Courier Capital LLC boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,931 shares of the entertainment giant’s stock after acquiring an additional 130 shares during the period. Courier Capital LLC’s holdings in Walt Disney were worth $4,869,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Trian Fund Management L.P. increased its stake in Walt Disney by 411.6% during the 3rd 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 purchasing an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares in the last quarter. Norges Bank bought a new stake in Walt Disney during the 4th quarter valued at about $1,433,075,000. Morgan Stanley increased its stake in Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney in the third quarter worth approximately $326,171,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the sale, the executive vice president now owns 1,861 shares in the company, valued at $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, February 8th. The Goldman Sachs Group reduced their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Macquarie lifted their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.64.

Walt Disney Price Performance

DIS stock opened at $120.98 on Thursday. The Walt Disney Company has a one year low of $78.73 and a one year high of $122.03. The company’s fifty day moving average price is $106.66 and its 200-day moving average price is $94.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market capitalization of $221.91 billion, a PE ratio of 74.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. 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.