Mitchell Mcleod Pugh & Williams Inc. Sells 1,448 Shares of The Walt Disney Company (NYSE:DIS)

Mitchell Mcleod Pugh & Williams Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,674 shares of the entertainment giant’s stock after selling 1,448 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Walt Disney were worth $1,415,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DIS. Planned Solutions Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth $26,000. Fortis Group Advisors LLC bought a new stake in Walt Disney during the third quarter valued at about $30,000. Stone House Investment Management LLC grew its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the period. Evolution Advisers Inc. grew its holdings in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the period. Finally, Orion Capital Management LLC bought a new stake in Walt Disney during the third quarter valued at about $35,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 transaction 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 approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group decreased their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Performance

DIS traded down $0.13 on Monday, reaching $112.60. 1,186,298 shares of the stock were exchanged, compared to its average volume of 11,652,560. The company’s 50-day moving average price is $114.18 and its 200 day moving average price is $99.86. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. 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 firm has a market capitalization of $206.55 billion, a PE ratio of 69.51, a PEG ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors 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 dividend payout ratio is presently 18.52%.

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.