Desjardins Global Asset Management Inc. Sells 11,534 Shares of The Walt Disney Company (NYSE:DIS)

Desjardins Global Asset Management Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 43.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,027 shares of the entertainment giant’s stock after selling 11,534 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Walt Disney were worth $1,357,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 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 purchased a new position in shares of Walt Disney during the first quarter worth approximately $29,000. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $26,000. SkyView Investment Advisors LLC increased its position in shares of Walt Disney by 172.6% during the second 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 period. Finally, MBM Wealth Consultants LLC increased its position in shares of Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 243 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $113.89 on Wednesday. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a 50 day moving average of $113.59 and a two-hundred day moving average of $98.14. 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 has a market cap of $208.91 billion, a price-to-earnings ratio of 70.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. 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. Stockholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

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

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Bank of America raised their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group reduced their target price 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. Argus raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $135.00 in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $124.54.

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.