RNC Capital Management LLC Raises Position in The Walt Disney Company (NYSE:DIS)

RNC Capital Management LLC increased its holdings in The Walt Disney Company (NYSE:DIS) by 11.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 42,720 shares of the entertainment giant’s stock after acquiring an additional 4,473 shares during the quarter. RNC Capital Management LLC’s holdings in Walt Disney were worth $3,857,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new position in Walt Disney in the 1st quarter worth $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney in the first quarter valued at about $29,000. SkyView Investment Advisors LLC increased its position in shares of Walt Disney by 172.6% in the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares during the period. MBM Wealth Consultants LLC increased its position in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the period. Finally, Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at $167,694.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. The Goldman Sachs Group cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company lifted their target price on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Rosenblatt Securities cut their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $116.64.

Walt Disney Stock Up 0.9 %

DIS opened at $120.98 on Thursday. 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 firm has a 50 day moving average price of $106.66 and a 200-day moving average price of $94.34. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $122.03. The stock has a market capitalization of $221.91 billion, a price-to-earnings ratio of 74.68, a PEG ratio of 1.85 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 analysts’ expectations of $23.71 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts forecast that The Walt Disney Company will post 4.62 earnings per share for the current year.

Walt Disney Cuts Dividend

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