Fiduciary Group LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Fiduciary Group LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,466 shares of the entertainment giant’s stock after selling 6,350 shares during the period. Walt Disney makes up about 1.2% of Fiduciary Group LLC’s holdings, making the stock its 22nd largest position. Fiduciary Group LLC’s holdings in Walt Disney were worth $9,884,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DIS. Hunter Perkins Capital Management LLC raised its stake in shares of Walt Disney by 1,213.3% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 127,045 shares of the entertainment giant’s stock worth $10,297,000 after buying an additional 117,371 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Walt Disney by 8.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 20,838 shares of the entertainment giant’s stock worth $1,689,000 after buying an additional 1,610 shares during the last quarter. Investment Research & Advisory Group Inc. raised its stake in shares of Walt Disney by 2,436,500.0% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 24,366 shares of the entertainment giant’s stock worth $1,975,000 after buying an additional 24,365 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Walt Disney by 6.0% during the 3rd quarter. MCF Advisors LLC now owns 11,086 shares of the entertainment giant’s stock worth $899,000 after buying an additional 624 shares during the last quarter. Finally, Charles Schwab Trust Co raised its stake in shares of Walt Disney by 4.7% during the 3rd quarter. Charles Schwab Trust Co now owns 11,739 shares of the entertainment giant’s stock worth $951,000 after buying an additional 523 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on DIS shares. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. The Goldman Sachs Group cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Bank of America boosted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’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 value 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.0 %

Shares of NYSE DIS traded down $0.04 on Friday, reaching $112.73. 6,304,843 shares of the company traded hands, compared to its average volume of 9,049,604. 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 fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market capitalization of $206.78 billion, a PE ratio of 69.59, a P/E/G ratio of 1.39 and a beta of 1.42. The company has a 50 day moving average of $114.18 and a 200 day moving average of $99.76.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) 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 business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research 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 issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is currently 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.