High Note Wealth LLC Sells 123 Shares of The Walt Disney Company (NYSE:DIS)

High Note Wealth LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,722 shares of the entertainment giant’s stock after selling 123 shares during the period. High Note Wealth LLC’s holdings in Walt Disney were worth $246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. WNY Asset Management LLC grew its stake in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the last quarter. Silvia Mccoll Wealth Management LLC boosted its holdings in shares of Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after purchasing an additional 164 shares during the last quarter. Pathway Financial Advisors LLC lifted its holdings in Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after acquiring an additional 141 shares during the last quarter. Tempus Wealth Planning LLC raised its position in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after purchasing an additional 546 shares during the period. Finally, DCM Advisors LLC increased its holdings in Walt Disney by 0.3% in the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock valued at $6,604,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, February 8th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $135.00 in a research note on Monday. Rosenblatt Securities decreased their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.64.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $120.98 on Thursday. The stock has a market capitalization of $221.91 billion, a price-to-earnings ratio of 74.68, a PEG ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $122.03. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $106.66 and a 200 day moving average of $94.34.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the business posted $0.99 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company 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. 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 presently 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.