Leonard Rickey Investment Advisors P.L.L.C. Makes New $219,000 Investment in The Walt Disney Company (NYSE:DIS)

Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in shares of The Walt Disney Company (NYSE:DISFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,424 shares of the entertainment giant’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth about $26,000. Dark Forest Capital Management LP purchased a new stake in shares of Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney during the 1st quarter valued at approximately $29,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the third quarter valued at $30,000. Finally, MBM Wealth Consultants LLC raised its stake in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DIS. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC boosted their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Tigress Financial restated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.13.

Check Out Our Latest Analysis on DIS

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the 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 transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.5 %

Shares of DIS traded down $0.59 during midday trading on Wednesday, hitting $122.23. 4,535,580 shares of the company’s stock traded hands, compared to its average volume of 12,427,155. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $224.21 billion, a price-to-earnings ratio of 75.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.42. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm’s fifty day moving average is $109.57 and its 200-day moving average is $95.68.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) 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%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared 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 presently 18.52%.

Walt Disney Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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