Spinnaker Trust Purchases 780 Shares of The Walt Disney Company (NYSE:DIS)

Spinnaker Trust raised its position in The Walt Disney Company (NYSE:DIS) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,946 shares of the entertainment giant’s stock after buying an additional 780 shares during the period. Spinnaker Trust’s holdings in Walt Disney were worth $627,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DIS. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter valued at $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at $30,000. Stone House Investment Management LLC raised its stake in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the period. Evolution Advisers Inc. raised its stake in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in Walt Disney during the 3rd quarter worth $35,000. 65.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company raised their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Bank of America lifted their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Macquarie lifted their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Performance

DIS stock traded down $0.04 during mid-day trading on Friday, hitting $112.73. 6,304,843 shares of the company were exchanged, compared to its average volume of 9,049,604. The business has a 50 day simple moving average of $114.18 and a 200-day simple moving average of $99.66. 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 stock has a market capitalization of $206.78 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. 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 issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (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 firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

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.