Bryn Mawr Capital Management LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Bryn Mawr Capital Management LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,352 shares of the entertainment giant’s stock after selling 4,980 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Walt Disney were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Planned Solutions Inc. purchased a new position in Walt Disney during the fourth quarter valued at $26,000. Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter valued at $30,000. Evolution Advisers Inc. lifted its position in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in Walt Disney during the third quarter valued at $35,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.0 %

Shares of NYSE:DIS traded down $0.04 during trading hours on Friday, hitting $112.73. 6,292,905 shares of the company’s stock traded hands, compared to its average volume of 11,784,900. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The business has a fifty day moving average price of $114.18 and a 200-day moving average price of $99.66. The firm has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last announced its earnings results 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. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Wells Fargo & Company raised their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Evercore ISI raised their price target on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Macquarie raised their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Company 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.