Cambridge Trust Co. Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Cambridge Trust Co. reduced its position in The Walt Disney Company (NYSE:DIS) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,048 shares of the entertainment giant’s stock after selling 723 shares during the period. Cambridge Trust Co.’s holdings in Walt Disney were worth $2,442,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Trian Fund Management L.P. increased its stake 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 worth $2,663,976,000 after buying an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth about $1,433,075,000. Morgan Stanley raised its stake in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Walt Disney during the third quarter worth about $326,171,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.5 %

NYSE:DIS opened at $112.43 on Friday. The stock has a market cap of $206.23 billion, a price-to-earnings ratio of 69.40, a PEG ratio of 1.64 and a beta of 1.42. 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 Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The business has a fifty day moving average of $113.90 and a 200-day moving average of $98.35.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Equities analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current 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 issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity at Walt Disney

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 directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Evercore ISI boosted their target price on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Bank of America raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $135.00 in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Company 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.