Schnieders Capital Management LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Schnieders Capital Management LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 23.5% in the 4th quarter, Holdings Channel reports. The firm owned 13,344 shares of the entertainment giant’s stock after selling 4,108 shares during the quarter. Schnieders Capital Management LLC’s holdings in Walt Disney were worth $1,205,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Planned Solutions Inc. bought a new stake in Walt Disney during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC boosted its holdings in shares of Walt Disney by 355.3% in 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. Orion Capital Management LLC bought a new position in Walt Disney in the third quarter worth approximately $35,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Walt Disney by 15,900.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock worth $39,000 after purchasing an additional 477 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $1.73 on Tuesday, hitting $113.72. 6,830,656 shares of the company were exchanged, compared to its average volume of 11,972,034. The firm has a market capitalization of $208.59 billion, a P/E ratio of 70.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. 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 1-year low of $78.73 and a 1-year high of $123.74. The stock’s 50 day moving average price is $114.10 and its 200 day moving average price is $99.27.

Walt Disney (NYSE:DIS) last released its 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 firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Sell-side analysts predict 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 paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Buying and Selling

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

Analysts Set New Price Targets

DIS has been the subject of several research reports. Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. UBS Group raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

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.