Wealth Alliance Decreases Stake in The Walt Disney Company (NYSE:DIS)

Wealth Alliance trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,084 shares of the entertainment giant’s stock after selling 999 shares during the period. Wealth Alliance’s holdings in Walt Disney were worth $1,723,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DIS. Avitas Wealth Management LLC raised its position in Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after purchasing an additional 238 shares during the period. WNY Asset Management LLC lifted its position in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC boosted its holdings in Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the period. Tempus Wealth Planning LLC grew its position in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after acquiring an additional 546 shares in the last quarter. Finally, Stelac Advisory Services LLC grew its position in Walt Disney by 7.7% in the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock valued at $5,598,000 after acquiring an additional 4,915 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. Tigress Financial restated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Wells Fargo & Company raised their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Argus boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.54.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded up $1.07 during midday trading on Tuesday, reaching $114.02. 4,888,512 shares of the company traded hands, compared to its average volume of 12,201,357. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company has a fifty day moving average price of $113.30 and a 200 day moving average price of $97.91. The firm has a market capitalization of $209.15 billion, a price-to-earnings ratio of 70.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released 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. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Walt Disney 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.