BankPlus Trust Department Purchases Shares of 14,172 The Walt Disney Company (NYSE:DIS)

BankPlus Trust Department acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,172 shares of the entertainment giant's stock, valued at approximately $1,578,000.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the fourth quarter valued at approximately $28,000. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter worth approximately $35,000. Hager Investment Management Services LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $43,000. Finally, Cedar Mountain Advisors LLC raised its stake in Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DIS shares. Needham & Company LLC reiterated a "buy" rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.44.

Walt Disney Price Performance

Walt Disney stock traded up $2.24 during trading hours on Wednesday, reaching $112.77. 3,244,170 shares of the stock were exchanged, compared to its average volume of 8,051,681. The stock has a 50 day moving average of $110.63 and a two-hundred day moving average of $102.92. The company has a market cap of $203.86 billion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Walt Disney 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.