Bryn Mawr Capital Management LLC Has $2.92 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Bryn Mawr Capital Management LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,352 shares of the entertainment giant’s stock after selling 4,980 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Walt Disney were worth $2,921,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Avitas Wealth Management LLC grew its holdings in Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares in the last quarter. WNY Asset Management LLC grew its holdings in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC grew its holdings in Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares in the last quarter. Telos Capital Management Inc. grew its holdings in Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after buying an additional 1,236 shares in the last quarter. Finally, Tempus Wealth Planning LLC grew its holdings in Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after buying an additional 546 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’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 sale, the executive vice president now 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 at the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Tigress Financial reiterated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. UBS Group upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Needham & Company LLC upped their target price on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Price Performance

DIS traded down $0.04 on Friday, reaching $112.73. The stock had a trading volume of 6,292,905 shares, compared to its average volume of 11,784,900. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a 50-day moving average of $114.18 and a 200-day moving average of $99.66. 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 company has a market capitalization of $206.78 billion, a price-to-earnings ratio of 69.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current 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 paid 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

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.