TruNorth Capital Management LLC Acquires 117 Shares of The Walt Disney Company (NYSE:DIS)

TruNorth Capital Management LLC grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,117 shares of the entertainment giant’s stock after purchasing an additional 117 shares during the period. TruNorth Capital Management LLC’s holdings in Walt Disney were worth $124,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. Hendley & Co. Inc. bought a new stake in Walt Disney during the fourth quarter worth approximately $219,000. Sentry Investment Management LLC grew its holdings in Walt Disney by 87.1% during the fourth quarter. Sentry Investment Management LLC now owns 7,219 shares of the entertainment giant’s stock valued at $804,000 after purchasing an additional 3,360 shares during the last quarter. Wrapmanager Inc. raised its position in shares of Walt Disney by 14.0% in the fourth quarter. Wrapmanager Inc. now owns 6,291 shares of the entertainment giant’s stock valued at $701,000 after purchasing an additional 774 shares during the period. Finally, Transcendent Capital Group LLC lifted its stake in shares of Walt Disney by 93.2% in the fourth quarter. Transcendent Capital Group LLC now owns 1,451 shares of the entertainment giant’s stock worth $162,000 after buying an additional 700 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Stock Up 2.3 %

Shares of NYSE:DIS opened at $111.18 on Tuesday. The company has a market capitalization of $200.99 billion, a PE ratio of 36.22, a P/E/G ratio of 1.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company’s fifty day moving average is $110.68 and its 200-day moving average is $102.75. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

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.