Blue Fin Capital Inc. Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Blue Fin Capital Inc. lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 42.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,842 shares of the entertainment giant’s stock after selling 4,334 shares during the quarter. Blue Fin Capital Inc.’s holdings in Walt Disney were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Evolution Advisers Inc. raised its stake in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after acquiring an additional 105 shares during the last quarter. Gradient Capital Advisors LLC lifted its holdings in shares of Walt Disney by 2.9% during the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after purchasing an additional 111 shares during the period. First Business Financial Services Inc. grew its position in Walt Disney by 0.7% in the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after buying an additional 113 shares during the last quarter. Kelman Lazarov Inc. lifted its stake in shares of Walt Disney by 3.4% in the 4th quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock worth $324,000 after acquiring an additional 117 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in shares of Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after acquiring an additional 118 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIS. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $135.00 in a report on Monday, March 25th. Raymond James boosted their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Up 0.9 %

Shares of DIS traded up $1.04 during trading hours on Friday, hitting $113.66. The stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $208.49 billion, a P/E ratio of 70.16, a P/E/G ratio of 1.39 and a beta of 1.40. 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 company’s fifty day simple moving average is $114.50 and its 200 day simple moving average is $100.60.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period last year, the business posted $0.99 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. 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 18.52%.

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.