RB Capital Management LLC Sells 402 Shares of The Walt Disney Company (NYSE:DIS)

RB Capital Management LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,057 shares of the entertainment giant’s stock after selling 402 shares during the period. RB Capital Management LLC’s holdings in Walt Disney were worth $3,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter valued at about $26,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney during the 3rd quarter worth approximately $30,000. Stone House Investment Management LLC grew its holdings in shares of 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 purchasing an additional 270 shares in the last quarter. Evolution Advisers Inc. raised its stake 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 bought a new stake in Walt Disney during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

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 value 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DIS. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Needham & Company LLC raised their price target on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Down 0.6 %

NYSE DIS traded down $0.62 on Wednesday, reaching $110.48. 6,326,207 shares of the company were exchanged, compared to its average volume of 11,594,524. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. 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 business’s fifty day moving average price is $114.22 and its 200 day moving average price is $100.25. The stock has a market capitalization of $202.66 billion, a P/E ratio of 68.18, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The business 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 $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 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.