Roanoke Asset Management Corp NY Grows Position in The Walt Disney Company (NYSE:DIS)

Roanoke Asset Management Corp NY grew its stake in The Walt Disney Company (NYSE:DIS) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,652 shares of the entertainment giant’s stock after buying an additional 2,050 shares during the quarter. Walt Disney makes up 1.4% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 27th biggest holding. Roanoke Asset Management Corp NY’s holdings in Walt Disney were worth $4,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Farmers Trust Co. raised its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares during the last quarter. Pathway Financial Advisors LLC grew its position in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after purchasing an additional 92 shares during the period. Prossimo Advisors LLC raised its stake in shares of Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after buying an additional 92 shares during the last quarter. Saxon Interests Inc. lifted its holdings in shares of Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares during the period. Finally, Abundance Wealth Counselors boosted its stake in shares of Walt Disney by 1.0% in the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock worth $1,076,000 after buying an additional 94 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 2.3 %

Shares of DIS opened at $113.82 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $205.77 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The firm’s fifty day moving average is $110.68 and its two-hundred day moving average is $103.23. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DIS. Morgan Stanley lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Evercore ISI upped their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.44.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

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.