The Walt Disney Company (NYSE:DIS) Shares Sold by Investment Partners LTD.

Investment Partners LTD. cut its stake in The Walt Disney Company (NYSE:DIS) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,226 shares of the entertainment giant’s stock after selling 356 shares during the period. Investment Partners LTD.’s holdings in Walt Disney were worth $743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Czech National Bank boosted its holdings in shares of Walt Disney by 47.8% in the third quarter. Czech National Bank now owns 319,807 shares of the entertainment giant’s stock valued at $25,920,000 after acquiring an additional 103,469 shares in the last quarter. Stewart & Patten Co. LLC boosted its holdings in Walt Disney by 8.0% during the third quarter. Stewart & Patten Co. LLC now owns 159,123 shares of the entertainment giant’s stock worth $12,897,000 after buying an additional 11,733 shares in the last quarter. Spirit of America Management Corp NY boosted its holdings in Walt Disney by 7.7% during the third quarter. Spirit of America Management Corp NY now owns 20,400 shares of the entertainment giant’s stock worth $1,653,000 after buying an additional 1,450 shares in the last quarter. Benin Management CORP boosted its holdings in Walt Disney by 1.4% during the third quarter. Benin Management CORP now owns 25,074 shares of the entertainment giant’s stock worth $2,032,000 after buying an additional 350 shares in the last quarter. Finally, Kempner Capital Management Inc. boosted its stake in Walt Disney by 18.8% in the 3rd quarter. Kempner Capital Management Inc. now owns 62,653 shares of the entertainment giant’s stock worth $5,078,000 after purchasing an additional 9,924 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.04 on Friday, hitting $112.73. 6,304,843 shares of the company were exchanged, compared to its average volume of 9,049,604. The company’s 50 day moving average price is $114.18 and its two-hundred day moving average price is $99.66. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. 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 firm has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42.

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. Research analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced 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 yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Analysts Set New Price Targets

A number of research firms recently commented on DIS. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Guggenheim increased 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 3rd. Argus increased 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. Finally, Macquarie increased their target price on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.08.

Insider Activity at Walt Disney

In related 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 value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.