3,897 Shares in The Walt Disney Company (NYSE:DIS) Bought by Israel Discount Bank of New York

Israel Discount Bank of New York acquired a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel.com reports. The fund acquired 3,897 shares of the entertainment giant’s stock, valued at approximately $352,000.

Other hedge funds have also added to or reduced their stakes in the company. Naviter Wealth LLC boosted its position in shares of Walt Disney by 25.3% during the 4th quarter. Naviter Wealth LLC now owns 14,784 shares of the entertainment giant’s stock worth $1,339,000 after purchasing an additional 2,982 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of Walt Disney during the fourth quarter valued at about $220,000. Choreo LLC increased its holdings in Walt Disney by 39.1% during the 4th quarter. Choreo LLC now owns 47,408 shares of the entertainment giant’s stock worth $4,295,000 after purchasing an additional 13,318 shares in the last quarter. Bridgewealth Advisory Group LLC lifted its stake in Walt Disney by 12.9% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 4,376 shares of the entertainment giant’s stock valued at $395,000 after acquiring an additional 500 shares in the last quarter. Finally, Eagle Wealth Strategies LLC purchased a new position in Walt Disney during the 4th quarter worth $281,000. 65.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Macquarie upped their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Wells Fargo & Company increased their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. 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 stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.77 on Monday, hitting $111.96. The company had a trading volume of 3,786,153 shares, compared to its average volume of 11,682,789. 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 stock has a market cap of $205.37 billion, a price-to-earnings ratio of 69.17, a P/E/G ratio of 1.39 and a beta of 1.42. The stock has a 50 day moving average price of $114.18 and a 200 day moving average price of $99.86. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

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

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given 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 presently 55.56%.

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.