K.J. Harrison & Partners Inc Purchases 21,906 Shares of The Walt Disney Company (NYSE:DIS)

K.J. Harrison & Partners Inc boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 61.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,727 shares of the entertainment giant’s stock after acquiring an additional 21,906 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Walt Disney were worth $5,212,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Walt Disney by 0.7% during the 3rd 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 raised its position 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 during the last quarter. Trian Fund Management L.P. grew its holdings 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 purchasing an additional 26,443,257 shares during the period. Northern Trust Corp grew its holdings in shares of Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after purchasing an additional 2,384,407 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 1.1% in the 3rd 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 during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Argus increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Needham & Company LLC boosted their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS traded down $0.04 during trading hours on Friday, hitting $112.73. The company’s stock had a trading volume of 6,292,905 shares, compared to its average volume of 11,784,900. 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 company has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a PEG ratio of 1.40 and a beta of 1.42. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a fifty day simple moving average of $114.18 and a 200-day simple moving average of $99.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The company 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 was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

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.