Trust Investment Advisors Has $830,000 Stake in The Walt Disney Company (NYSE:DIS)

Trust Investment Advisors trimmed its stake in The Walt Disney Company (NYSE:DIS) by 29.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,192 shares of the entertainment giant’s stock after selling 3,928 shares during the quarter. Trust Investment Advisors’ holdings in Walt Disney were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Dark Forest Capital Management LP bought a new position in Walt Disney during the 1st quarter valued at about $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney in the first quarter valued at approximately $29,000. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $26,000. SkyView Investment Advisors LLC grew its position in Walt Disney by 172.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock worth $78,000 after acquiring an additional 202 shares during the last quarter. Finally, Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% during the 4th 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. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.51 during midday trading on Thursday, hitting $112.43. 7,596,542 shares of the company’s stock were exchanged, compared to its average volume of 12,136,779. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average price is $113.86 and its 200 day moving average price is $98.25. 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 capitalization of $206.23 billion, a PE ratio of 70.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given 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 (DPR) is presently 18.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DIS shares. Macquarie upped their target price on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Evercore ISI increased 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. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Needham & Company LLC boosted their price objective on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.54.

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.