The Walt Disney Company (NYSE:DIS) Shares Sold by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,310 shares of the entertainment giant’s stock after selling 479 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Walt Disney were worth $1,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Planned Solutions Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $26,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $30,000. Stone House Investment Management LLC increased its stake in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Evolution Advisers Inc. raised its stake in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Walt Disney during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock traded up $1.04 during trading on Friday, reaching $113.66. The company had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The firm’s 50-day simple moving average is $114.50 and its 200 day simple moving average is $100.81. The firm has a market capitalization of $208.49 billion, a price-to-earnings ratio of 70.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. 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 announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Sell-side analysts forecast that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued 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 payout ratio is 18.52%.

Insider Transactions at Walt Disney

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Rosenblatt Securities raised their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Argus raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, UBS Group upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.08.

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.