Raab & Moskowitz Asset Management LLC Has $1.65 Million Stake in The Walt Disney Company (NYSE:DIS)

Raab & Moskowitz Asset Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,217 shares of the entertainment giant’s stock after selling 2,608 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Walt Disney were worth $1,645,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DIS. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $26,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter valued at about $30,000. Stone House Investment Management LLC grew its position in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Evolution Advisers Inc. grew its position in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DIS shares. The Goldman Sachs Group reduced their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Tigress Financial reiterated a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. Raymond James upped their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Bank of America upped their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. One equities research 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’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Down 0.0 %

DIS stock opened at $112.73 on Friday. The stock’s 50 day simple moving average is $114.18 and its 200 day simple moving average is $99.76. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market cap of $206.78 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, research analysts expect 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 $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

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.