Check Capital Management Inc. CA Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Check Capital Management Inc. CA reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 90.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,360 shares of the entertainment giant’s stock after selling 32,079 shares during the period. Check Capital Management Inc. CA’s holdings in Walt Disney were worth $303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at $26,000. Dark Forest Capital Management LP bought a new position in Walt Disney during the first quarter valued at about $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney during the first quarter worth about $29,000. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter worth about $30,000. Finally, Stone House Investment Management LLC boosted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney 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 transaction of $226,405.44. Following the transaction, the executive vice president now directly 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 this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Tigress Financial reiterated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. Needham & Company LLC lifted their price objective on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Guggenheim upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Price Performance

DIS stock traded up $0.19 during midday trading on Friday, reaching $112.62. The company had a trading volume of 9,408,120 shares, compared to its average volume of 12,109,229. The firm has a 50-day moving average price of $113.90 and a 200-day moving average price of $98.35. The company has a market capitalization of $206.58 billion, a P/E ratio of 69.24, a P/E/G ratio of 1.64 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 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, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is 18.52%.

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.