Montecito Bank & Trust Takes Position in The Walt Disney Company $DIS

Montecito Bank & Trust bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,569 shares of the entertainment giant’s stock, valued at approximately $2,928,000.

Several other institutional investors also recently bought and sold shares of DIS. Brighton Jones LLC boosted its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of Walt Disney by 14.4% in the 1st quarter. Aptus Capital Advisors LLC now owns 55,354 shares of the entertainment giant’s stock worth $5,463,000 after buying an additional 6,969 shares during the period. JT Stratford LLC acquired a new position in Walt Disney in the first quarter valued at $344,000. Humankind Investments LLC boosted its holdings in Walt Disney by 5.5% in the first quarter. Humankind Investments LLC now owns 2,878 shares of the entertainment giant’s stock valued at $284,000 after acquiring an additional 151 shares during the last quarter. Finally, Tradition Wealth Management LLC purchased a new position in shares of Walt Disney in the 1st quarter worth about $251,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS opened at $110.56 on Thursday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The firm has a market cap of $197.39 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.54 and a beta of 1.49. The stock has a 50 day moving average of $109.15 and a 200-day moving average of $114.58.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same period last year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 139.0%. Walt Disney’s dividend payout ratio (DPR) is currently 21.87%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Cowen restated a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Weiss Ratings upgraded shares of Walt Disney from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $140.00 price target on shares of Walt Disney in a report on Friday, November 14th. UBS Group restated a “buy” rating and set a $138.00 price objective on shares of Walt Disney in a research note on Friday, November 14th. Finally, Evercore ISI increased their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Nineteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.41.

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.