Avaii Wealth Management LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

Avaii Wealth Management LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,986 shares of the entertainment giant’s stock after selling 758 shares during the quarter. Avaii Wealth Management LLC’s holdings in Walt Disney were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. Trian Fund Management L.P. grew its stake in Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Walt Disney during the 3rd quarter worth about $326,171,000. International Assets Investment Management LLC boosted its position in shares of Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after acquiring an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Walt Disney by 21.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after acquiring an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.1 %

NYSE:DIS traded down $0.07 during trading hours on Monday, reaching $112.66. The company’s stock had a trading volume of 2,209,049 shares, compared to its average volume of 11,665,485. The company has a market cap of $206.66 billion, a price-to-earnings ratio of 69.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The business’s 50-day moving average is $114.18 and its 200-day moving average is $99.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

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. 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. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently disclosed 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 yield of 0.5%. Walt Disney’s dividend payout ratio is currently 55.56%.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DIS shares. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Wells Fargo & Company increased their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, Argus upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. 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, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.08.

About Walt Disney

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.