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

by · The Cerbat Gem

Insight Advisors LLC PA decreased its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,975 shares of the entertainment giant’s stock after selling 147 shares during the quarter. Insight Advisors LLC PA’s holdings in Walt Disney were worth $269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Markel Corp grew its stake in shares of Walt Disney by 2.3% in the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after buying an additional 42,500 shares in the last quarter. Fairfield Bush & CO. lifted its holdings in shares of Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after purchasing an additional 320 shares during the last quarter. United Bank lifted its holdings in shares of Walt Disney by 8.7% in the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after purchasing an additional 794 shares during the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Walt Disney by 0.6% in the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after purchasing an additional 4,722 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Down 0.8 %

Shares of Walt Disney stock traded down $0.93 during trading hours on Thursday, reaching $118.05. 9,769,724 shares of the company’s stock were exchanged, compared to its average volume of 12,661,107. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The firm has a market capitalization of $216.54 billion, a price-to-earnings ratio of 73.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. The company has a fifty day moving average of $110.08 and a 200-day moving average of $95.85. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly 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. 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 analyst estimates of $23.71 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several research reports. Bank of America boosted their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Raymond James boosted their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Tigress Financial restated a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. Rosenblatt Securities boosted their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.13.

Get Our Latest Analysis on DIS

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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