Callan Capital LLC Has $350,000 Position in The Walt Disney Company (NYSE:DIS)

Callan Capital LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,880 shares of the entertainment giant’s stock after buying an additional 303 shares during the quarter. Callan Capital LLC’s holdings in Walt Disney were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after buying an additional 994,575 shares in the last quarter. Morgan Stanley increased its stake in shares of Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after buying an additional 195,512 shares in the last quarter. Trian Fund Management L.P. increased its stake in shares of Walt Disney by 411.6% in the third 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 buying an additional 26,443,257 shares in the last quarter. Northern Trust Corp increased its stake in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Walt Disney by 1.1% in the third 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 buying an additional 217,567 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DIS shares. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Raymond James lifted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group lowered their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Tigress Financial reiterated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Stock Down 0.0 %

Walt Disney stock traded down $0.04 during midday trading on Friday, reaching $112.73. The stock had a trading volume of 6,292,905 shares, compared to its average volume of 11,784,900. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm’s fifty day simple moving average is $114.18 and its 200-day simple moving average is $99.66. The stock has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.

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

Walt Disney Cuts Dividend

The company 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 dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

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.