Levin Capital Strategies L.P. Sells 1,092 Shares of The Walt Disney Company (NYSE:DIS)

Levin Capital Strategies L.P. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,989 shares of the entertainment giant’s stock after selling 1,092 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Walt Disney were worth $4,604,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DIS. Avitas Wealth Management LLC raised its position in shares of 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 raised its position in shares of Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC raised its position in shares of Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares in the last quarter. Telos Capital Management Inc. raised its position in shares of Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Tempus Wealth Planning LLC raised its position in shares of Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after acquiring an additional 546 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DIS. Guggenheim raised their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Macquarie raised their target price on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Finally, The Goldman Sachs Group cut their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Performance

DIS stock traded up $2.06 during midday trading on Thursday, reaching $112.54. 4,656,137 shares of the company’s stock traded hands, compared to its average volume of 11,537,062. The company has a 50-day moving average price of $114.28 and a two-hundred day moving average price of $100.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. 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 $206.44 billion, a PE ratio of 68.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 4.67 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a 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.