Opinicus Capital Inc. Takes $797,000 Position in The Walt Disney Company (NYSE:DIS)

Opinicus Capital Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,827 shares of the entertainment giant’s stock, valued at approximately $797,000.

A number of other large investors have also made changes to their positions in the stock. Lathrop Investment Management Corp increased its holdings in shares of Walt Disney by 1.5% in the 4th quarter. Lathrop Investment Management Corp now owns 123,600 shares of the entertainment giant’s stock valued at $11,160,000 after purchasing an additional 1,839 shares in the last quarter. Unique Wealth Strategies LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $1,288,000. Alliance Wealth Advisors LLC UT grew its stake in Walt Disney by 5.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 10,320 shares of the entertainment giant’s stock valued at $932,000 after acquiring an additional 575 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in Walt Disney by 1.7% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 18,190 shares of the entertainment giant’s stock valued at $1,642,000 after acquiring an additional 302 shares during the last quarter. Finally, Private Wealth Partners LLC grew its stake in Walt Disney by 18.2% in the 4th quarter. Private Wealth Partners LLC now owns 36,573 shares of the entertainment giant’s stock valued at $3,302,000 after acquiring an additional 5,620 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

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

Walt Disney Trading Down 0.0 %

NYSE DIS traded down $0.04 during mid-day trading on Friday, hitting $112.73. The company’s stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock’s fifty day simple moving average is $114.18 and its two-hundred day simple moving average is $99.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The firm has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

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

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. 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 research note on Thursday, March 28th. Tigress Financial reissued a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Evercore ISI increased their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Rosenblatt Securities raised their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Guggenheim raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.08.

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.