Penobscot Investment Management Company Inc. Increases Holdings in The Walt Disney Company (NYSE:DIS)

Penobscot Investment Management Company Inc. lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,579 shares of the entertainment giant’s stock after buying an additional 1,896 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Walt Disney were worth $2,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Planned Solutions Inc. bought a new position in Walt Disney during the 4th quarter worth approximately $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the 3rd quarter worth approximately $30,000. Stone House Investment Management LLC grew its position 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 acquiring an additional 270 shares during the last quarter. Evolution Advisers Inc. grew its position 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 acquiring an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in Walt Disney during the 3rd quarter worth approximately $35,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.7 %

Walt Disney stock traded down $0.81 during midday trading on Tuesday, reaching $111.27. The stock had a trading volume of 3,409,482 shares, compared to its average volume of 11,625,820. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market cap of $204.11 billion, a price-to-earnings ratio of 68.93, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The company has a fifty day moving average of $114.19 and a 200 day moving average of $100.06.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’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 value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Raymond James increased their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, UBS Group lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. One 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. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.08.

About Walt Disney

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.