The Walt Disney Company (NYSE:DIS) Shares Sold by Abbrea Capital LLC

Abbrea Capital LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,560 shares of the entertainment giant’s stock after selling 1,090 shares during the quarter. Abbrea Capital LLC’s holdings in Walt Disney were worth $2,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DIS. Impact Partnership Wealth LLC grew its holdings in Walt Disney by 225.1% during the third quarter. Impact Partnership Wealth LLC now owns 2,331 shares of the entertainment giant’s stock worth $189,000 after acquiring an additional 1,614 shares during the period. Elevated Capital Advisors LLC boosted its position in shares of Walt Disney by 33.3% in the 3rd quarter. Elevated Capital Advisors LLC now owns 5,922 shares of the entertainment giant’s stock valued at $480,000 after purchasing an additional 1,480 shares during the period. Atlas Brown Inc. boosted its position in shares of Walt Disney by 1.7% in the 3rd quarter. Atlas Brown Inc. now owns 19,131 shares of the entertainment giant’s stock valued at $1,551,000 after purchasing an additional 328 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of Walt Disney by 85.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 13,752 shares of the entertainment giant’s stock valued at $1,115,000 after purchasing an additional 6,317 shares during the period. Finally, BTC Capital Management Inc. boosted its position in shares of Walt Disney by 1.4% in the 3rd quarter. BTC Capital Management Inc. now owns 52,672 shares of the entertainment giant’s stock valued at $4,269,000 after purchasing an additional 706 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Evercore ISI increased their price target on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Rosenblatt Securities raised their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC lifted their price target on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Price Performance

DIS stock traded down $0.06 during trading on Friday, hitting $112.71. The company had a trading volume of 6,299,567 shares, compared to its average volume of 11,784,864. The company has a fifty day moving average price of $114.16 and a two-hundred day moving average price of $99.46. 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 company has a market cap of $206.74 billion, a P/E ratio of 69.32, a P/E/G ratio of 1.40 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 company had revenue of $23.50 billion for 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 business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Equities research analysts expect 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 announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s 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 owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.