The Walt Disney Company (NYSE:DIS) Stock Holdings Cut by Bender Robert & Associates

Bender Robert & Associates cut its position in shares of The Walt Disney Company (NYSE:DIS) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 33,378 shares of the entertainment giant’s stock after selling 1,388 shares during the quarter. Walt Disney accounts for 0.8% of Bender Robert & Associates’ portfolio, making the stock its 22nd largest position. Bender Robert & Associates’ holdings in Walt Disney were worth $3,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DIS. Trian Fund Management L.P. raised its position in 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 acquiring an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Walt Disney by 109,924.5% in 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 purchasing an additional 23,644,765 shares during the last quarter. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $1,433,075,000. Morgan Stanley lifted its stake in 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 purchasing an additional 5,499,014 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in Walt Disney during the third quarter valued at approximately $326,171,000. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

DIS traded down $0.51 during trading on Thursday, hitting $112.43. The stock had a trading volume of 7,596,542 shares, compared to its average volume of 12,136,779. 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 Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a 50 day simple moving average of $113.86 and a 200-day simple moving average of $98.25. The firm has a market cap of $206.23 billion, a PE ratio of 70.39, a P/E/G ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is 18.52%.

Analysts Set New Price Targets

DIS has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Bank of America boosted their target price on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, Raymond James lifted their target price on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.