Bank Julius Baer & Co. Ltd Zurich Has $91.39 Million Stake in The Walt Disney Company (NYSE:DIS)

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,012,162 shares of the entertainment giant's stock after buying an additional 40,469 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of Walt Disney worth $91,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Planned Solutions Inc. bought a new position in shares of Walt Disney in the fourth quarter worth about $26,000. Stone House Investment Management LLC raised its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant's stock valued at $31,000 after buying an additional 270 shares during the last quarter. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter valued at approximately $30,000. Orion Capital Management LLC bought a new position in Walt Disney in the 3rd quarter valued at approximately $35,000. Finally, BKM Wealth Management LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 1.0 %

NYSE DIS traded down $1.18 during mid-day trading on Thursday, hitting $112.74. The company's stock had a trading volume of 8,033,218 shares, compared to its average volume of 11,853,280. The company's 50 day simple moving average is $114.15 and its 200 day simple moving average is $99.37. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. 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 firm has a market capitalization of $206.80 billion, a price-to-earnings ratio of 69.18, a PEG ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the firm posted $0.99 EPS. Walt Disney'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 year.

Walt Disney Cuts Dividend

The firm also recently declared 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 is Monday, July 8th. Walt Disney's payout ratio is currently 18.52%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, February 7th. Raymond James raised their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an "outperform" rating in a report on Tuesday, March 26th. The Goldman Sachs Group lowered their price target on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, February 8th. Evercore ISI raised 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. Finally, Macquarie raised their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a "neutral" rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.08.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company's stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

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