Blue Barn Wealth LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Blue Barn Wealth LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, HoldingsChannel reports. The fund bought 2,321 shares of the entertainment giant’s stock, valued at approximately $210,000.

A number of other hedge funds also recently modified their holdings of DIS. Trian Fund Management L.P. boosted its holdings in shares of Walt Disney by 411.6% in 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. First Eagle Investment Management LLC acquired a new stake in Walt Disney in the third quarter valued at about $326,171,000. International Assets Investment Management LLC grew its position in Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after acquiring an additional 3,311,563 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after acquiring an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Walt Disney by 10.6% in the 3rd 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 in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 9.5 %

Walt Disney stock traded down $11.07 during mid-day trading on Tuesday, reaching $105.40. The stock had a trading volume of 55,026,769 shares, compared to its average volume of 12,064,021. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a market capitalization of $193.34 billion, a PE ratio of 65.06, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The stock’s 50-day simple moving average is $114.59 and its 200-day simple moving average is $101.21. 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:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. Walt Disney’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Tigress Financial reiterated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Rosenblatt Securities upped their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Walt Disney in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.17.

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.