Trueblood Wealth Management LLC Takes $306,000 Position in The Walt Disney Company (NYSE:DIS)

Trueblood Wealth Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,393 shares of the entertainment giant’s stock, valued at approximately $306,000.

Several other large investors have also modified their holdings of DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $26,000. Dark Forest Capital Management LP acquired a new stake in shares of Walt Disney in the 1st quarter worth $28,000. Worth Asset Management LLC acquired a new stake in Walt Disney in the first quarter valued at about $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. Finally, MBM Wealth Consultants LLC lifted its holdings in Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 1.1 %

NYSE DIS traded up $1.38 during mid-day trading on Thursday, reaching $122.36. 15,175,921 shares of the company’s stock traded hands, compared to its average volume of 12,575,325. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a fifty day simple moving average of $107.28 and a 200-day simple moving average of $94.53. The company has a market cap of $224.44 billion, a price-to-earnings ratio of 75.61, a P/E/G ratio of 1.84 and a beta of 1.41.

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, topping analysts’ consensus estimates 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 analyst estimates of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. As a group, equities 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 declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid 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 (DPR) is 18.52%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIS. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Rosenblatt Securities cut their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. 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 research note on Thursday, February 8th. Finally, UBS Group boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $117.77.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.