Ipswich Investment Management Co. Inc. Sells 530 Shares of The Walt Disney Company (NYSE:DIS)

Ipswich Investment Management Co. Inc. cut its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,245 shares of the entertainment giant’s stock after selling 530 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Walt Disney were worth $564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trian Fund Management L.P. raised its position in Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter valued at about $1,433,075,000. Morgan Stanley lifted its stake in Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares during the period. Finally, First Eagle Investment Management LLC bought a new position in Walt Disney during the 3rd quarter worth about $326,171,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Guggenheim upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Bank of America increased their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. 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 report on Thursday, March 28th. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Finally, Macquarie lifted their target price 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Get Our Latest Stock Analysis on DIS

Walt Disney Stock Up 0.2 %

Shares of DIS stock opened at $112.61 on Friday. The stock’s 50-day simple moving average is $113.98 and its 200-day simple moving average is $98.69. The firm has a market capitalization of $206.56 billion, a PE ratio of 69.51, a P/E/G ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 earnings per share. Equities analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity at Walt Disney

In other 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 transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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