Quantum Private Wealth LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Quantum Private Wealth LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,767 shares of the entertainment giant’s stock after selling 114 shares during the period. Quantum Private Wealth LLC’s holdings in Walt Disney were worth $430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $26,000. Dark Forest Capital Management LP purchased a new stake in shares of Walt Disney in the 1st quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at approximately $29,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. Finally, MBM Wealth Consultants LLC raised its stake in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS stock traded up $0.93 on Wednesday, hitting $113.88. The company’s stock had a trading volume of 9,291,419 shares, compared to its average volume of 10,451,374. The firm has a 50 day moving average of $113.59 and a two-hundred day moving average of $98.14. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a market cap of $208.89 billion, a price-to-earnings ratio of 70.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released its quarterly 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. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities analysts predict that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company 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 of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insiders Place Their Bets

In other 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 transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIS shares. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Finally, Macquarie lifted their price objective 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 analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.54.

About Walt Disney

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.