White Pine Capital LLC Has $639,000 Stake in The Walt Disney Company (NYSE:DIS)

White Pine Capital LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,075 shares of the entertainment giant’s stock after selling 1,300 shares during the period. White Pine Capital LLC’s holdings in Walt Disney were worth $639,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney during the third quarter worth approximately $30,000. Stone House Investment Management LLC lifted its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. Evolution Advisers Inc. lifted its position in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Walt Disney during the third quarter worth approximately $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIS. UBS Group upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Guggenheim increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Needham & Company LLC increased their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Macquarie increased their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’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 completion of 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 can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Walt Disney Stock Down 0.0 %

Shares of DIS stock traded down $0.04 during trading hours on Friday, hitting $112.73. 6,304,843 shares of the company were exchanged, compared to its average volume of 9,049,604. The business has a 50 day moving average of $114.18 and a two-hundred day moving average of $99.76. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market capitalization of $206.78 billion, a PE ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (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 company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. 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. Investors of record on Monday, July 8th will be given a $0.45 dividend. 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%.

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.