Lathrop Investment Management Corp Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Lathrop Investment Management Corp boosted its position in The Walt Disney Company (NYSE:DIS) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 123,600 shares of the entertainment giant’s stock after purchasing an additional 1,839 shares during the quarter. Walt Disney accounts for about 2.3% of Lathrop Investment Management Corp’s holdings, making the stock its 24th largest holding. Lathrop Investment Management Corp’s holdings in Walt Disney were worth $11,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Advisers Inc. increased its stake in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the period. Gradient Capital Advisors LLC increased its stake in Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after purchasing an additional 111 shares during the period. First Business Financial Services Inc. increased its stake in Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after purchasing an additional 113 shares during the period. Kelman Lazarov Inc. increased its stake in Walt Disney by 3.4% during the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after purchasing an additional 117 shares during the period. Finally, CoreCap Advisors LLC increased its stake in Walt Disney by 0.5% during the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after purchasing an additional 118 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DIS shares. Wells Fargo & Company raised their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Finally, Raymond James lifted their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Trading Down 0.0 %

DIS stock traded down $0.04 on Friday, hitting $112.73. 6,304,843 shares of the company were exchanged, compared to its average volume of 9,049,604. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business’s fifty day moving average is $114.18 and its two-hundred day moving average is $99.66. The stock has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last issued 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. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. As a group, research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders 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 yield of 0.5%. Walt Disney’s payout ratio is 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 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 transaction, the executive vice president now 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 can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Company 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.