Waycross Partners LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

Waycross Partners LLC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 56.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the entertainment giant's stock after purchasing an additional 9,000 shares during the quarter. Waycross Partners LLC's holdings in Walt Disney were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Walt Disney by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant's stock valued at $12,148,402,000 after purchasing an additional 994,575 shares in the last quarter. Morgan Stanley boosted its holdings in Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant's stock valued at $3,592,010,000 after purchasing an additional 195,512 shares in the last quarter. Trian Fund Management L.P. boosted its holdings in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant's stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. Northern Trust Corp boosted its holdings in Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant's stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Walt Disney by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant's stock valued at $1,683,961,000 after purchasing an additional 217,567 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business'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 transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Down 0.9 %

Shares of NYSE DIS traded down $0.97 during trading on Tuesday, hitting $111.11. 8,146,340 shares of the company traded hands, compared to its average volume of 11,685,459. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a 50-day moving average price of $114.22 and a 200-day moving average price of $100.25. The firm has a market capitalization of $203.80 billion, a P/E ratio of 68.58, a P/E/G ratio of 1.39 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 company 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 company earned $0.99 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney Company will post 4.66 EPS 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 dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney's dividend payout ratio (DPR) is 18.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIS shares. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Wells Fargo & Company lifted their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an "overweight" rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group reduced their price target on shares of Walt Disney from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, February 8th. Finally, UBS Group lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $125.08.

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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