Noesis Capital Mangement Corp Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Noesis Capital Mangement Corp decreased its position in The Walt Disney Company (NYSE:DIS) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 78,040 shares of the entertainment giant’s stock after selling 663 shares during the period. Walt Disney accounts for about 1.7% of Noesis Capital Mangement Corp’s portfolio, making the stock its 27th largest position. Noesis Capital Mangement Corp’s holdings in Walt Disney were worth $7,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Forte Capital LLC ADV grew its stake in Walt Disney by 1.3% during the 4th quarter. Forte Capital LLC ADV now owns 9,963 shares of the entertainment giant’s stock valued at $900,000 after acquiring an additional 125 shares in the last quarter. Royal Fund Management LLC grew its position in Walt Disney by 2.4% in the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock valued at $441,000 after acquiring an additional 113 shares in the last quarter. AJOVista LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $214,000. Provence Wealth Management Group increased its stake in Walt Disney by 175.2% during the 4th quarter. Provence Wealth Management Group now owns 4,931 shares of the entertainment giant’s stock worth $445,000 after buying an additional 3,139 shares during the period. Finally, Legacy Financial Advisors Inc. boosted its position in Walt Disney by 32.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 10,999 shares of the entertainment giant’s stock valued at $993,000 after buying an additional 2,712 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded up $1.04 during mid-day trading on Friday, reaching $113.66. The stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a market cap of $208.49 billion, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The business has a 50-day simple moving average of $114.50 and a 200 day simple moving average of $100.60. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 55.56%.

Analyst Ratings Changes

Several brokerages have weighed in on DIS. Daiwa Capital Markets restated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Wells Fargo & Company upped their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Morgan Stanley upped their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, UBS Group upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Insider Activity

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

Walt Disney 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.