Baxter Bros Inc. Sells 3,688 Shares of The Walt Disney Company (NYSE:DIS)

Baxter Bros Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.3% during the 4th quarter, Holdings Channel reports. The firm owned 65,804 shares of the entertainment giant’s stock after selling 3,688 shares during the period. Baxter Bros Inc.’s holdings in Walt Disney were worth $5,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. Planned Solutions Inc. bought a new stake in Walt Disney during the fourth quarter worth $26,000. Stone House Investment Management LLC grew its stake in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney during the third quarter worth $30,000. Evolution Advisers Inc. lifted its stake 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 acquiring an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter valued at $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Walt Disney Stock Performance

Walt Disney stock traded up $1.04 during midday trading on Friday, reaching $113.66. The stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. 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 firm has a market capitalization of $208.49 billion, a PE ratio of 70.16, a P/E/G ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm’s 50-day moving average price is $114.50 and its 200 day moving average price is $100.60.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating 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 company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same period in the prior year, the company posted $0.99 EPS. Walt Disney’s revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 4.7 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. Investors of record on Monday, July 8th will be paid 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 payout ratio is 18.52%.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Argus raised their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Needham & Company LLC upped their price target on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.08.

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.