Dohj LLC Has $726,000 Stake in The Walt Disney Company (NYSE:DIS)

Dohj LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 13.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,041 shares of the entertainment giant’s stock after selling 1,276 shares during the period. Dohj LLC’s holdings in Walt Disney were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Walt Disney by 0.7% during the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock worth $12,148,402,000 after buying an additional 994,575 shares during the last quarter. Morgan Stanley increased its holdings in shares of Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after purchasing an additional 195,512 shares during the last quarter. Trian Fund Management L.P. increased its holdings in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant’s stock valued at $1,683,961,000 after purchasing an additional 217,567 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DIS shares. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Bank of America upped their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Tigress Financial reiterated a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Rosenblatt Securities upped 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. Finally, Wells Fargo & Company upped their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. 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 stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s 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 completion of 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 document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of DIS stock traded down $0.04 on Friday, reaching $112.73. The company had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The stock has a market capitalization of $206.78 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. 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 Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business’s 50-day moving average is $114.18 and its 200 day moving average is $99.76.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Walt Disney 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.