Opes Wealth Management LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Opes Wealth Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,511 shares of the entertainment giant’s stock after selling 236 shares during the quarter. Opes Wealth Management LLC’s holdings in Walt Disney were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of DIS. Dark Forest Capital Management LP purchased a new position in Walt Disney in the 1st quarter worth about $28,000. Worth Asset Management LLC purchased a new position in Walt Disney in the 1st quarter worth about $29,000. Planned Solutions Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $26,000. SkyView Investment Advisors LLC increased its position in shares of Walt Disney by 172.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after purchasing an additional 202 shares during the last quarter. Finally, Stone House Investment Management LLC increased its position in shares of Walt Disney by 355.3% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated 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 owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Macquarie boosted their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Rosenblatt Securities boosted their price objective on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Stock Down 0.5 %

Shares of DIS stock traded down $0.51 during trading hours on Thursday, reaching $112.43. 7,580,403 shares of the company’s stock were exchanged, compared to its average volume of 12,137,087. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a market cap of $206.23 billion, a PE ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $113.86 and its two-hundred day moving average price is $98.25.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping 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 business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company’s revenue was down .1% on a year-over-year basis. Research analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

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.