Dover Advisors LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Dover Advisors LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,881 shares of the entertainment giant’s stock after selling 4,507 shares during the period. Walt Disney makes up 1.5% of Dover Advisors LLC’s portfolio, making the stock its 21st biggest position. Dover Advisors LLC’s holdings in Walt Disney were worth $1,167,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently commented on DIS. Wells Fargo & Company raised their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Finally, Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Down 0.0 %

DIS traded down $0.04 during trading hours on Friday, reaching $112.73. 6,304,843 shares of the company’s stock traded hands, compared to its average volume of 9,049,604. The firm has a 50-day moving average price of $114.18 and a 200 day moving average price of $99.86. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $206.78 billion, a PE ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 EPS. Walt Disney’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company 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. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.