Tilt Investment Management Holdings PBC Sells 2,051 Shares of The Walt Disney Company (NYSE:DIS)

Tilt Investment Management Holdings PBC lessened its stake in The Walt Disney Company (NYSE:DIS) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,537 shares of the entertainment giant’s stock after selling 2,051 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in Walt Disney were worth $683,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DIS. Dark Forest Capital Management LP acquired a new position in Walt Disney during the 1st quarter worth approximately $28,000. Worth Asset Management LLC acquired a new position in Walt Disney during the first quarter worth $29,000. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter valued at $26,000. SkyView Investment Advisors LLC increased its stake in Walt Disney by 172.6% in the 2nd 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, Stone House Investment Management LLC lifted its position in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock traded up $0.08 during trading hours on Thursday, hitting $113.02. 3,764,316 shares of the stock were exchanged, compared to its average volume of 12,083,436. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $207.31 billion, a P/E ratio of 70.39, a P/E/G ratio of 1.65 and a beta of 1.42. The company has a 50-day simple moving average of $113.86 and a two-hundred day simple moving average of $98.25.

Walt Disney (NYSE:DIS) last released its quarterly 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Walt Disney’s revenue was down .1% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued 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 dividend payout ratio is presently 18.52%.

Insider Activity 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 transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DIS has been the topic of a number of recent research reports. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Evercore ISI increased their price objective on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Tigress Financial reissued a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Finally, Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Company Profile

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.