Wealth Alliance Sells 999 Shares of The Walt Disney Company (NYSE:DIS)

Wealth Alliance lowered its holdings in The Walt Disney Company (NYSE:DIS) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,084 shares of the entertainment giant’s stock after selling 999 shares during the quarter. Wealth Alliance’s holdings in Walt Disney were worth $1,723,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Trian Fund Management L.P. boosted its position in Walt Disney by 411.6% during the 3rd 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 acquiring an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Norges Bank bought a new position in Walt Disney in the fourth quarter worth about $1,433,075,000. Morgan Stanley lifted its position in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter valued at about $326,171,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DIS. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Needham & Company LLC increased their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Rosenblatt Securities upped their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Trading Up 0.9 %

Walt Disney stock traded up $1.07 during trading on Tuesday, reaching $114.02. 4,888,512 shares of the company were exchanged, compared to its average volume of 12,201,357. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $113.30 and its two-hundred day simple moving average is $97.91. The company has a market capitalization of $209.15 billion, a P/E ratio of 70.14, a PEG ratio of 1.65 and a beta of 1.42. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly 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 net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, equities 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 company also recently declared 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. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is presently 18.52%.

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.