Trueblood Wealth Management LLC Invests $306,000 in The Walt Disney Company (NYSE:DIS)

Trueblood Wealth Management LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,393 shares of the entertainment giant’s stock, valued at approximately $306,000.

Other hedge funds also recently modified their holdings of the company. Planned Solutions Inc. bought a new position in Walt Disney during the fourth quarter worth about $26,000. Dark Forest Capital Management LP acquired a new stake in shares of Walt Disney in the 1st quarter valued at $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the 1st quarter worth about $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth about $30,000. Finally, MBM Wealth Consultants LLC lifted its holdings in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of NYSE:DIS traded up $1.38 during midday trading on Thursday, reaching $122.36. The company had a trading volume of 15,175,921 shares, compared to its average volume of 12,575,325. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a market cap of $224.44 billion, a PE ratio of 75.61, a P/E/G ratio of 1.84 and a beta of 1.41. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $107.28 and its 200 day moving average price is $94.53.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm 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 dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is presently 18.52%.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Macquarie raised their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their price target on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. The Goldman Sachs Group lowered their price objective 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. Finally, UBS Group raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.77.

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.