Davidson Trust Co. Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Davidson Trust Co. cut its stake in The Walt Disney Company (NYSE:DIS) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,885 shares of the entertainment giant’s stock after selling 110 shares during the period. Davidson Trust Co.’s holdings in Walt Disney were worth $1,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Markel Corp increased its stake in shares of Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after acquiring an additional 42,500 shares during the period. Fairfield Bush & CO. boosted its holdings in Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares in the last quarter. United Bank boosted its holdings in Walt Disney by 8.7% during the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after buying an additional 794 shares in the last quarter. AMI Investment Management Inc. boosted its holdings in Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after buying an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after buying an additional 4,722 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company upped their price target on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Bank of America upped their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.79 during trading hours on Friday, reaching $111.64. The company’s stock had a trading volume of 3,517,170 shares, compared to its average volume of 12,029,532. The company’s 50 day simple moving average is $113.90 and its 200 day simple moving average is $98.35. 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 one year low of $78.73 and a one year high of $123.74. The stock has a market cap of $204.78 billion, a P/E ratio of 69.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter last year, the company earned $0.99 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders 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 yield of 0.5%. Walt Disney’s payout ratio is 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.