Blue Barn Wealth LLC Purchases New Position in The Walt Disney Company (NYSE:DIS)

Blue Barn Wealth LLC bought a new position in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,321 shares of the entertainment giant’s stock, valued at approximately $210,000.

A number of other large investors have also modified their holdings of DIS. Avitas Wealth Management LLC raised its stake in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares in the last quarter. WNY Asset Management LLC boosted its holdings in shares of Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the period. Pathway Financial Advisors LLC grew its position in shares of Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares during the last quarter. Telos Capital Management Inc. lifted its holdings in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC boosted its stake in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after acquiring an additional 546 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price target on shares of Walt Disney in a report on Tuesday. Evercore ISI boosted their price target on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Rosenblatt Securities upped their target price on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.17.

Walt Disney Trading Down 9.5 %

Shares of DIS stock traded down $11.07 during trading hours on Tuesday, reaching $105.40. 55,026,769 shares of the stock traded hands, compared to its average volume of 12,064,021. The business has a fifty day moving average price of $114.59 and a 200 day moving average price of $101.21. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm has a market capitalization of $193.34 billion, a PE ratio of 65.06, a PEG ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 4.7 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney 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.