Jackson Hole Capital Partners LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Jackson Hole Capital Partners LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 3.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,246 shares of the entertainment giant’s stock after selling 825 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Walt Disney were worth $1,828,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DIS. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $326,171,000. International Assets Investment Management LLC grew its holdings in Walt Disney by 8,681.3% during the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after buying an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Walt Disney by 21.0% during the 3rd 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 buying an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In other 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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Guggenheim lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Wells Fargo & Company lifted their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $95.00 to $135.00 in a report on Monday, March 25th. Finally, Morgan Stanley lifted their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Down 1.0 %

DIS stock traded down $1.18 during midday trading on Thursday, hitting $112.74. The company had a trading volume of 8,033,218 shares, compared to its average volume of 11,853,280. 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 Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The stock’s 50 day moving average price is $114.16 and its 200 day moving average price is $99.46. The stock has a market cap of $206.80 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect 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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

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.