Investment Research & Advisory Group Inc. Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Investment Research & Advisory Group Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 22.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,988 shares of the entertainment giant’s stock after selling 5,378 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Walt Disney were worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Planned Solutions Inc. purchased a new stake in Walt Disney during the 4th quarter valued at about $26,000. Dark Forest Capital Management LP bought a new position in Walt Disney during the 1st quarter valued at approximately $28,000. Worth Asset Management LLC bought a new position in Walt Disney during the 1st quarter valued at approximately $29,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the 3rd quarter valued at approximately $30,000. Finally, MBM Wealth Consultants LLC increased its position in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.2 %

DIS stock traded up $0.27 during trading on Wednesday, reaching $120.20. 5,907,780 shares of the company traded hands, compared to its average volume of 12,445,824. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $122.03. The business has a 50 day simple moving average of $106.12 and a 200 day simple moving average of $94.07. The company has a market capitalization of $220.48 billion, a price-to-earnings ratio of 74.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 4.62 earnings per share 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. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Tigress Financial reiterated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $135.00 in a research note on Monday. UBS Group raised their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group cut their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.64.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Walt Disney Company 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.