Carl P. Sherr & Co. LLC Sells 1,525 Shares of The Walt Disney Company (NYSE:DIS)

Carl P. Sherr & Co. LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,747 shares of the entertainment giant’s stock after selling 1,525 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Walt Disney were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Avitas Wealth Management LLC grew its stake in shares of Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the period. WNY Asset Management LLC grew its position in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the period. Pathway Financial Advisors LLC grew its position in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares during the period. Tempus Wealth Planning LLC grew its position in Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after buying an additional 546 shares during the period. Finally, Stelac Advisory Services LLC grew its position in Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock valued at $5,598,000 after buying an additional 4,915 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Insider Transactions at Walt Disney

In other 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 transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Needham & Company LLC boosted their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. 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 target on the stock. Finally, UBS Group lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Trading Up 0.8 %

DIS stock traded up $0.93 during mid-day trading on Wednesday, reaching $113.88. 9,291,419 shares of the stock traded hands, compared to its average volume of 10,451,374. 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 Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a market capitalization of $208.89 billion, a PE ratio of 70.30, a PEG ratio of 1.64 and a beta of 1.42. The business has a 50-day moving average price of $113.59 and a two-hundred day moving average price of $98.14.

Walt Disney (NYSE:DIS) last posted its quarterly 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. The firm 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. Equities research analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business 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 $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio 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.