The Walt Disney Company (NYSE:DIS) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,414 shares of the entertainment giant’s stock after buying an additional 7,351 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Walt Disney were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Advisers Inc. lifted its holdings in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares in the last quarter. Gradient Capital Advisors LLC lifted its holdings in Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock valued at $359,000 after purchasing an additional 111 shares in the last quarter. First Business Financial Services Inc. lifted its holdings in Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares in the last quarter. Kelman Lazarov Inc. lifted its holdings in Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock valued at $324,000 after purchasing an additional 117 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in Walt Disney by 0.5% during the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Rosenblatt Securities raised their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Argus raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Tigress Financial reissued a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. Finally, Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to 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 %

Shares of DIS stock traded down $0.04 during trading on Friday, reaching $112.73. The company’s stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. 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 price-to-earnings ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The stock’s 50-day moving average price is $114.18 and its 200 day moving average price is $99.66. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were 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 of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.