Donaldson Capital Management LLC Has $1.17 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Donaldson Capital Management LLC increased its position in The Walt Disney Company (NYSE:DIS) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,991 shares of the entertainment giant’s stock after buying an additional 654 shares during the period. Donaldson Capital Management LLC’s holdings in Walt Disney were worth $1,173,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Markel Corp increased its holdings in Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares in the last quarter. Fairfield Bush & CO. increased its holdings in Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after purchasing an additional 320 shares in the last quarter. United Bank increased its holdings in Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after purchasing an additional 794 shares in the last quarter. AMI Investment Management Inc. increased its holdings in Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after purchasing an additional 4,722 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Rosenblatt Securities boosted their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. One investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.54.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.63 during trading on Tuesday, hitting $113.58. 1,053,139 shares of the company were exchanged, compared to its average volume of 12,147,568. The company has a market cap of $208.34 billion, a PE ratio of 69.72, a P/E/G ratio of 1.65 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 stock has a 50 day moving average of $113.30 and a 200 day moving average of $97.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share 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 analysts’ expectations 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 in the prior year, the firm posted $0.99 earnings per share. As a group, equities research analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

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.