The Walt Disney Company $DIS Shares Acquired by Camden National Bank

Camden National Bank increased its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,292 shares of the entertainment giant’s stock after purchasing an additional 741 shares during the period. Camden National Bank’s holdings in Walt Disney were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG increased its stake in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the 2nd quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC increased its stake in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after acquiring an additional 316,707 shares during the last quarter. Lodge Hill Capital LLC purchased a new position in shares of Walt Disney during the 1st quarter worth about $24,373,000. Finally, Border to Coast Pensions Partnership Ltd boosted its position in shares of Walt Disney by 13.6% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock worth $62,372,000 after acquiring an additional 60,353 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group reaffirmed a “buy” rating and issued a $138.00 target price on shares of Walt Disney in a research report on Friday, November 14th. Evercore ISI lifted their target price on Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Guggenheim restated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research note on Friday, November 14th. Finally, Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Trading Up 1.4%

NYSE:DIS opened at $104.15 on Friday. The business’s 50-day moving average is $111.56 and its two-hundred day moving average is $114.87. The firm has a market capitalization of $185.94 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s payout ratio is presently 21.87%.

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.