Greenleaf Trust Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Greenleaf Trust raised its holdings in The Walt Disney Company (NYSE:DIS) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,906 shares of the entertainment giant’s stock after purchasing an additional 4,598 shares during the period. Greenleaf Trust’s holdings in Walt Disney were worth $3,693,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Walt Disney by 0.7% in the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after acquiring an additional 994,575 shares during the period. Morgan Stanley lifted its position in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares during the last quarter. Trian Fund Management L.P. lifted its position in Walt Disney by 411.6% during the third 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 during the last quarter. Northern Trust Corp lifted its position in Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in 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 purchasing an additional 23,644,765 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.62 on Friday. The stock has a market cap of $206.58 billion, a PE ratio of 69.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The company’s fifty day moving average price is $113.98 and its 200-day moving average price is $98.56. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last issued its earnings results 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 business 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 business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal 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 $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Guggenheim lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Argus lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Raymond James lifted 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. One 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.54.

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.