Hyman Charles D Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Hyman Charles D trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,241 shares of the entertainment giant’s stock after selling 7,080 shares during the quarter. Hyman Charles D’s holdings in Walt Disney were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evolution Advisers Inc. grew its holdings in Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 105 shares during the last quarter. Gradient Capital Advisors LLC grew its stake in shares of Walt Disney by 2.9% in the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after purchasing an additional 111 shares during the last quarter. First Business Financial Services Inc. increased its holdings in Walt Disney by 0.7% during the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares during the period. Royal Fund Management LLC raised its position in Walt Disney by 2.4% during the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock valued at $441,000 after purchasing an additional 113 shares during the last quarter. Finally, Kelman Lazarov Inc. lifted its holdings in Walt Disney by 3.4% in the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after buying an additional 117 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Wells Fargo & Company raised their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Activity

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

Walt Disney Stock Down 9.5 %

Shares of NYSE:DIS traded down $11.07 during trading on Tuesday, reaching $105.40. 55,026,769 shares of the stock traded hands, compared to its average volume of 12,064,021. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock has a market cap of $193.34 billion, a P/E ratio of 65.06, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The stock has a 50-day moving average of $114.59 and a two-hundred day moving average of $101.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. 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 is presently 18.52%.

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.