The Walt Disney Company (NYSE:DIS) Shares Bought by Lathrop Investment Management Corp

Lathrop Investment Management Corp grew its position in shares of The Walt Disney Company (NYSE:DIS) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,600 shares of the entertainment giant’s stock after acquiring an additional 1,839 shares during the quarter. Walt Disney comprises 2.3% of Lathrop Investment Management Corp’s portfolio, making the stock its 24th biggest position. Lathrop Investment Management Corp’s holdings in Walt Disney were worth $11,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank boosted its position in shares of Walt Disney by 47.8% in the third quarter. Czech National Bank now owns 319,807 shares of the entertainment giant’s stock worth $25,920,000 after buying an additional 103,469 shares during the period. Stewart & Patten Co. LLC boosted its position in shares of Walt Disney by 8.0% in the third quarter. Stewart & Patten Co. LLC now owns 159,123 shares of the entertainment giant’s stock worth $12,897,000 after buying an additional 11,733 shares during the period. Spirit of America Management Corp NY boosted its holdings in Walt Disney by 7.7% in the third quarter. Spirit of America Management Corp NY now owns 20,400 shares of the entertainment giant’s stock valued at $1,653,000 after purchasing an additional 1,450 shares during the last quarter. Benin Management CORP boosted its holdings in Walt Disney by 1.4% in the third quarter. Benin Management CORP now owns 25,074 shares of the entertainment giant’s stock valued at $2,032,000 after purchasing an additional 350 shares during the last quarter. Finally, Kempner Capital Management Inc. boosted its holdings in Walt Disney by 18.8% in the third quarter. Kempner Capital Management Inc. now owns 62,653 shares of the entertainment giant’s stock valued at $5,078,000 after purchasing an additional 9,924 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE DIS traded down $0.04 on Friday, reaching $112.73. 6,304,843 shares of the stock traded hands, compared to its average volume of 9,049,604. The firm’s fifty day simple moving average is $114.18 and its 200 day simple moving average is $99.66. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74.

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

Walt Disney Cuts Dividend

The business 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. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is presently 18.52%.

Analysts Set New Price Targets

DIS has been the subject of a number of analyst reports. Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Evercore ISI increased their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Wells Fargo & Company increased their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

About Walt Disney

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.