The Walt Disney Company (NYSE:DIS) Stake Lowered by Lyell Wealth Management LP

Lyell Wealth Management LP reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,909 shares of the entertainment giant’s stock after selling 4,768 shares during the period. Lyell Wealth Management LP’s holdings in Walt Disney were worth $4,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Impact Partnership Wealth LLC lifted its stake in shares of Walt Disney by 225.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,331 shares of the entertainment giant’s stock valued at $189,000 after purchasing an additional 1,614 shares during the last quarter. Elevated Capital Advisors LLC lifted its stake in shares of Walt Disney by 33.3% in the 3rd quarter. Elevated Capital Advisors LLC now owns 5,922 shares of the entertainment giant’s stock valued at $480,000 after purchasing an additional 1,480 shares during the last quarter. Atlas Brown Inc. lifted its position in Walt Disney by 1.7% during the 3rd quarter. Atlas Brown Inc. now owns 19,131 shares of the entertainment giant’s stock worth $1,551,000 after acquiring an additional 328 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Walt Disney by 85.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 13,752 shares of the entertainment giant’s stock worth $1,115,000 after acquiring an additional 6,317 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its position in Walt Disney by 1.4% during the 3rd quarter. BTC Capital Management Inc. now owns 52,672 shares of the entertainment giant’s stock worth $4,269,000 after acquiring an additional 706 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE DIS traded up $0.24 on Wednesday, reaching $113.95. The company’s stock had a trading volume of 6,149,590 shares, compared to its average volume of 11,901,535. The firm has a market cap of $209.02 billion, a PE ratio of 70.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The business has a 50-day moving average price of $114.15 and a 200 day moving average price of $99.37. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

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

Walt Disney Cuts Dividend

The company also recently disclosed 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 is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio is 18.52%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DIS shares. Argus boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday. Raymond James boosted 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. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Finally, Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.08.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were 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 $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

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.