The Walt Disney Company (NYSE:DIS) Stock Holdings Lowered by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,537 shares of the entertainment giant’s stock after selling 2,051 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Walt Disney were worth $683,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Trian Fund Management L.P. raised its position in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney during the 4th quarter worth about $1,433,075,000. Morgan Stanley lifted its stake in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in Walt Disney during the third quarter valued at about $326,171,000. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded up $0.08 during midday trading on Thursday, reaching $113.02. The stock had a trading volume of 3,764,316 shares, compared to its average volume of 12,083,436. The stock has a market capitalization of $207.31 billion, a P/E ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $98.25.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given 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 currently 18.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Guggenheim boosted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Rosenblatt Securities lifted their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Evercore ISI lifted their target price on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

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.