Bank Julius Baer & Co. Ltd Zurich Raises Holdings in The Walt Disney Company (NYSE:DIS)

Bank Julius Baer & Co. Ltd Zurich grew its position in The Walt Disney Company (NYSE:DIS) by 4.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,012,162 shares of the entertainment giant’s stock after purchasing an additional 40,469 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Walt Disney were worth $91,388,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Gradient Capital Advisors LLC lifted its position in shares of Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after purchasing an additional 111 shares during the last quarter. First Business Financial Services Inc. lifted its position in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after purchasing an additional 113 shares during the last quarter. Kelman Lazarov Inc. lifted its position in shares of Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after purchasing an additional 117 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Walt Disney by 0.5% during the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after purchasing an additional 118 shares during the last quarter. Finally, Bfsg LLC lifted its position in shares of Walt Disney by 3.2% during the third quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock worth $316,000 after purchasing an additional 121 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney 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 transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Price Performance

Shares of NYSE DIS traded down $1.18 during mid-day trading on Thursday, reaching $112.74. 8,033,218 shares of the company traded hands, compared to its average volume of 11,853,280. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. 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 cap of $206.80 billion, a PE ratio of 69.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The stock has a fifty day simple moving average of $114.15 and a 200-day simple moving average of $99.37.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The business 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%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. 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%.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research analyst reports. Bank of America increased their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company raised their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a report on Tuesday. Needham & Company LLC raised their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. UBS Group raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Finally, Argus raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target 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.