Hartford Investment Management Co. Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Hartford Investment Management Co. trimmed its position in shares of The Walt Disney Company (NYSE:DISFree Report) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,306 shares of the entertainment giant’s stock after selling 1,892 shares during the quarter. Hartford Investment Management Co.’s holdings in Walt Disney were worth $11,133,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Leonard Rickey Investment Advisors P.L.L.C. bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $219,000. Trust Point Inc. purchased a new stake in Walt Disney in the fourth quarter worth approximately $781,000. Towerpoint Wealth LLC purchased a new stake in Walt Disney in the fourth quarter worth approximately $201,000. Factory Mutual Insurance Co. boosted its stake in shares of Walt Disney by 67.1% during the 4th quarter. Factory Mutual Insurance Co. now owns 313,006 shares of the entertainment giant’s stock worth $28,261,000 after acquiring an additional 125,700 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in shares of Walt Disney by 3.1% during the 4th quarter. Integrated Investment Consultants LLC now owns 5,978 shares of the entertainment giant’s stock worth $540,000 after acquiring an additional 179 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Bank of America raised their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. Raymond James raised their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Macquarie lifted their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $122.13.

Get Our Latest Stock Report on DIS

Walt Disney Stock Down 0.6 %

DIS traded down $0.79 on Wednesday, reaching $122.03. The company’s stock had a trading volume of 5,230,494 shares, compared to its average volume of 12,438,238. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The business’s 50 day moving average is $109.57 and its 200 day moving average is $95.68. 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 stock has a market cap of $223.84 billion, a price-to-earnings ratio of 75.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 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 company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same period in the prior year, the business posted $0.99 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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