Bank of New York Mellon Corp Purchases 2,300,912 Shares of The Walt Disney Company (NYSE:DIS)

Bank of New York Mellon Corp boosted its position in The Walt Disney Company (NYSE:DIS) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,104,295 shares of the entertainment giant’s stock after acquiring an additional 2,300,912 shares during the period. Bank of New York Mellon Corp owned 0.95% of Walt Disney worth $1,904,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney in the 4th quarter valued at about $28,000. Midwest Capital Advisors LLC bought a new position in Walt Disney in the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter valued at approximately $35,000. Hager Investment Management Services LLC acquired a new stake in Walt Disney during the 4th quarter worth $43,000. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of Walt Disney by 38.1% in 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. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Macquarie reissued a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Sanford C. Bernstein upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.44.

Walt Disney Stock Performance

Shares of DIS opened at $111.18 on Tuesday. The stock has a market capitalization of $200.99 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a fifty day simple moving average of $110.68 and a 200 day simple moving average of $102.75. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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 EPS 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. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is 32.57%.

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.