Lesa Sroufe & Co Purchases Shares of 2,231 The Walt Disney Company (NYSE:DIS)

Lesa Sroufe & Co purchased a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,231 shares of the entertainment giant’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of DIS. Planned Solutions Inc. acquired a new stake in shares of Walt Disney during the 4th quarter worth $26,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth $30,000. Stone House Investment Management LLC increased its holdings in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth $35,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Walt Disney by 15,900.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock worth $39,000 after buying an additional 477 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Evercore ISI increased their price target on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Needham & Company LLC increased their price target on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Tigress Financial reissued a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Performance

Shares of DIS stock opened at $113.50 on Wednesday. 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 Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company’s 50-day simple moving average is $114.10 and its 200-day simple moving average is $99.27. The stock has a market capitalization of $208.19 billion, a price-to-earnings ratio of 70.19, a PEG ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter last year, the company posted $0.99 earnings per share. Walt Disney’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that The Walt Disney Company will post 4.66 earnings per share 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. Shareholders 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 yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

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.