Capital Performance Advisors LLP Lowers Position in The Walt Disney Company (NYSE:DIS)

Capital Performance Advisors LLP cut its holdings in The Walt Disney Company (NYSE:DIS) by 41.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,162 shares of the entertainment giant’s stock after selling 2,229 shares during the quarter. Capital Performance Advisors LLP’s holdings in Walt Disney were worth $285,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Walt Disney by 0.7% during the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after buying an additional 994,575 shares during the last quarter. Morgan Stanley increased its holdings in shares of Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after acquiring an additional 195,512 shares in the last quarter. Trian Fund Management L.P. increased its holdings in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after acquiring an additional 2,384,407 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after acquiring an additional 2,505,486 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s 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 transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DIS. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Loop Capital increased their price target on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group cut their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Needham & Company LLC increased their price target on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $127.17.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $2.81 during midday trading on Monday, reaching $116.47. 16,255,996 shares of the company’s stock traded hands, compared to its average volume of 11,571,038. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market cap of $213.64 billion, a P/E ratio of 71.90, a PEG 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 has a fifty day simple moving average of $114.67 and a two-hundred day simple moving average of $101.05.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s 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.