Saxon Interests Inc. Invests $280,000 in The Walt Disney Company (NYSE:DIS)

Saxon Interests Inc. acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,105 shares of the entertainment giant’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Carolinas Wealth Consulting LLC lifted its holdings in shares of Walt Disney by 2.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after purchasing an additional 100 shares during the last quarter. Compton Capital Management Inc. RI lifted its stake in Walt Disney by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after buying an additional 100 shares during the last quarter. Linscomb & Williams Inc. boosted its holdings in shares of Walt Disney by 1.9% during the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after acquiring an additional 106 shares during the period. Apexium Financial LP grew its position in shares of Walt Disney by 1.3% during the second quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock worth $790,000 after acquiring an additional 113 shares during the last quarter. Finally, First Business Financial Services Inc. increased its holdings in shares of Walt Disney by 0.7% in the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have issued reports on DIS shares. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research report on Monday. Rosenblatt Securities decreased 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. Needham & Company LLC lifted their price target on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Raymond James lifted their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.77.

Walt Disney Stock Up 1.1 %

NYSE:DIS traded up $1.38 on Thursday, hitting $122.36. 15,160,256 shares of the company’s stock traded hands, compared to its average volume of 12,578,303. The company has a market cap of $224.44 billion, a PE ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. 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 firm has a 50-day moving average price of $107.28 and a 200-day moving average price of $94.53.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Equities 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 declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 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.