The Walt Disney Company (NYSE:DIS) Shares Sold by Perennial Advisors LLC

by · The Cerbat Gem

Perennial Advisors LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,640 shares of the entertainment giant’s stock after selling 1,229 shares during the period. Perennial Advisors LLC’s holdings in Walt Disney were worth $4,482,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney during the first quarter valued at approximately $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney during the first quarter valued at approximately $29,000. Planned Solutions Inc. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $26,000. SkyView Investment Advisors LLC raised its holdings in shares of Walt Disney by 172.6% during the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after buying an additional 202 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in shares of Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction 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 approximately $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.4 %

Shares of DIS stock traded down $0.45 on Monday, hitting $117.93. The company’s stock had a trading volume of 4,020,914 shares, compared to its average volume of 12,553,973. 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm’s fifty day moving average price is $110.99 and its 200-day moving average price is $96.42. The stock has a market capitalization of $216.32 billion, a price-to-earnings ratio of 72.19, a P/E/G ratio of 1.71 and a beta of 1.42.

Walt Disney (NYSE:DIS – Get Free Report) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The firm 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 business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. Research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is 18.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DIS shares. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Wells Fargo & Company raised their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Evercore ISI raised their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday. Guggenheim raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Macquarie raised their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $123.00.

View Our Latest Report on DIS

Walt Disney Profile

(Free Report)

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.

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