The Walt Disney Company (NYSE:DIS) Shares Sold by DDD Partners LLC

DDD Partners LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,457 shares of the entertainment giant’s stock after selling 41,253 shares during the quarter. Walt Disney comprises approximately 1.7% of DDD Partners LLC’s holdings, making the stock its 24th largest position. DDD Partners LLC’s holdings in Walt Disney were worth $12,953,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. IFG Advisory LLC lifted its holdings in shares of Walt Disney by 2.4% during the fourth quarter. IFG Advisory LLC now owns 8,722 shares of the entertainment giant’s stock valued at $788,000 after purchasing an additional 208 shares during the last quarter. RNC Capital Management LLC lifted its stake in Walt Disney by 11.7% in the 4th quarter. RNC Capital Management LLC now owns 42,720 shares of the entertainment giant’s stock worth $3,857,000 after acquiring an additional 4,473 shares in the last quarter. Columbia Trust Co 01012016 lifted its stake in Walt Disney by 19.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 18,024 shares of the entertainment giant’s stock worth $1,627,000 after acquiring an additional 2,920 shares in the last quarter. Hilltop Wealth Advisors LLC purchased a new stake in Walt Disney in the 4th quarter worth about $219,000. Finally, Cresta Advisors Ltd. lifted its stake in Walt Disney by 38.5% in the 4th quarter. Cresta Advisors Ltd. now owns 4,320 shares of the entertainment giant’s stock worth $390,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DIS. Wells Fargo & Company upped their target price on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Tigress Financial reissued a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Macquarie increased 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. Finally, Rosenblatt Securities decreased their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.64.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $120.98 on Thursday. The firm has a market cap of $221.91 billion, a price-to-earnings ratio of 74.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The stock’s 50-day moving average is $106.66 and its 200-day moving average is $94.34. The Walt Disney Company has a one year low of $78.73 and a one year high of $122.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 7.88% and a net margin of 3.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Equities 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 announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available 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.