Burt Wealth Advisors Lowers Stake in The Walt Disney Company (NYSE:DIS)

Burt Wealth Advisors reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,604 shares of the entertainment giant’s stock after selling 325 shares during the quarter. Burt Wealth Advisors’ holdings in Walt Disney were worth $325,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DIS. Key Bridge Compliance LLC bought a new position in Walt Disney in the third quarter worth about $631,000. Weaver Consulting Group lifted its position in shares of Walt Disney by 10.8% during the third quarter. Weaver Consulting Group now owns 7,879 shares of the entertainment giant’s stock valued at $639,000 after buying an additional 771 shares during the last quarter. Bender Robert & Associates lifted its position in shares of Walt Disney by 3.3% during the third quarter. Bender Robert & Associates now owns 34,766 shares of the entertainment giant’s stock valued at $2,818,000 after buying an additional 1,113 shares during the last quarter. Beacon Financial Group lifted its position in shares of Walt Disney by 4.9% during the third quarter. Beacon Financial Group now owns 7,136 shares of the entertainment giant’s stock valued at $597,000 after buying an additional 331 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its position in shares of Walt Disney by 6.4% during the third quarter. Independence Bank of Kentucky now owns 14,969 shares of the entertainment giant’s stock valued at $1,213,000 after buying an additional 903 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.27 during midday trading on Monday, reaching $112.34. 4,344,822 shares of the stock were exchanged, compared to its average volume of 12,003,388. The firm has a market cap of $206.07 billion, a price-to-earnings ratio of 69.12, a PEG ratio of 1.38 and a beta of 1.42. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm has a 50-day simple moving average of $113.98 and a two-hundred day simple moving average of $98.83. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter last year, the company earned $0.99 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders 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 dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

Several analysts have commented on DIS shares. Argus increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Needham & Company LLC increased their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Raymond James increased 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was 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 in the company, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

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.