The Walt Disney Company (NYSE:DIS) Stock Holdings Trimmed by Carson Advisory Inc.

Carson Advisory Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,256 shares of the entertainment giant’s stock after selling 332 shares during the period. Carson Advisory Inc.’s holdings in Walt Disney were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DIS. Avitas Wealth Management LLC increased its position in shares of Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after purchasing an additional 238 shares during the period. WNY Asset Management LLC increased its position in shares of Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares during the period. Pathway Financial Advisors LLC increased its position in shares of Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares during the period. Telos Capital Management Inc. increased its position in shares of Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after purchasing an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC increased its position in shares of Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after purchasing an additional 546 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $2.14 during trading on Thursday, reaching $112.62. The company’s stock had a trading volume of 6,783,096 shares, compared to its average volume of 11,565,144. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The business’s fifty day moving average price is $114.28 and its 200-day moving average price is $100.32. The firm has a market cap of $206.58 billion, a price-to-earnings ratio of 69.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio is 18.52%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Evercore ISI lifted their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.08.

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.