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

by · The Markets Daily

Optas LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,208 shares of the entertainment giant’s stock after selling 133 shares during the quarter. Optas LLC’s holdings in Walt Disney were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Carolinas Wealth Consulting LLC grew its position in shares of Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after buying an additional 100 shares in the last quarter. Compton Capital Management Inc. RI grew its position in shares of Walt Disney by 0.5% during the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after buying an additional 100 shares in the last quarter. Linscomb & Williams Inc. boosted its holdings in Walt Disney by 1.9% in the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after purchasing an additional 106 shares in the last quarter. First Business Financial Services Inc. boosted its holdings in Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in 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 purchasing an additional 118 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Macquarie upped their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Rosenblatt Securities upped their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $135.00 in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.00.

View Our Latest Stock Analysis on DIS

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $116.23 on Wednesday. The company has a market cap of $213.20 billion, a P/E ratio of 72.83, a PEG ratio of 1.70 and a beta of 1.42. 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 business’s 50-day simple moving average is $111.81 and its 200 day simple moving average is $96.92.

Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Walt Disney Company 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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