The Walt Disney Company (NYSE:DIS) Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,007 shares of the entertainment giant’s stock after selling 515 shares during the period. Waterfront Wealth Inc.’s holdings in Walt Disney were worth $452,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trian Fund Management L.P. lifted its position in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares in the last quarter. Norges Bank bought a new position in Walt Disney during the 4th quarter worth approximately $1,433,075,000. Morgan Stanley grew its position in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $326,171,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on DIS. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group reduced their price target 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. Raymond James boosted 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. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Finally, Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.08 on Thursday, hitting $113.02. The company had a trading volume of 684,733 shares, compared to its average volume of 12,042,572. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market cap of $207.31 billion, a PE ratio of 69.72, a PEG ratio of 1.65 and a beta of 1.42. The business has a 50-day simple moving average of $113.86 and a 200-day simple moving average of $98.25. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period last year, the company posted $0.99 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

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.