The Walt Disney Company (NYSE:DIS) Shares Sold by Montis Financial LLC

Montis Financial LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 36.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,744 shares of the entertainment giant’s stock after selling 1,559 shares during the quarter. Montis Financial LLC’s holdings in Walt Disney were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DIS. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter worth approximately $26,000. Fortis Group Advisors LLC acquired a new stake in Walt Disney during the third quarter worth about $30,000. Stone House Investment Management LLC raised its position in Walt Disney by 355.3% during 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 in the last quarter. 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 purchased a new stake in Walt Disney in the 3rd quarter worth approximately $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DIS. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Guggenheim boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Macquarie raised 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. Argus increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Rosenblatt Securities boosted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Up 1.9 %

DIS traded up $2.14 during trading hours on Thursday, hitting $112.62. 6,783,096 shares of the company’s stock were exchanged, compared to its average volume of 11,565,144. 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 Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $206.58 billion, a P/E ratio of 69.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The firm has a 50 day moving average of $114.28 and a 200 day moving average of $100.32.

Walt Disney (NYSE:DIS) last released its earnings results 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. The firm 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%. Walt Disney’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share. Analysts predict that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 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.