Family Legacy Inc. Cuts Position in The Walt Disney Company (NYSE:DIS)

Family Legacy Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,255 shares of the entertainment giant’s stock after selling 1,297 shares during the quarter. Family Legacy Inc.’s holdings in Walt Disney were worth $1,287,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DIS. WNY Asset Management LLC increased its position in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after purchasing an additional 2,304 shares in the last quarter. Silvia Mccoll Wealth Management LLC increased its holdings in shares of Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after buying an additional 164 shares during the last quarter. Pathway Financial Advisors LLC grew its holdings in shares of Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after purchasing an additional 141 shares during the period. Tempus Wealth Planning LLC lifted its holdings in shares of Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after acquiring an additional 546 shares in the last quarter. Finally, DCM Advisors LLC grew its stake in shares of Walt Disney by 0.3% in the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock valued at $6,604,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DIS. Macquarie boosted their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Rosenblatt Securities cut their price target on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Wells Fargo & Company boosted their target price on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC raised Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $115.27.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Up 0.5 %

Shares of DIS traded up $0.60 during midday trading on Tuesday, reaching $119.96. 11,848,768 shares of the stock were exchanged, compared to its average volume of 12,561,147. The company has a market cap of $220.04 billion, a price-to-earnings ratio of 74.05, a P/E/G ratio of 1.79 and a beta of 1.41. The firm has a 50 day simple moving average of $106.12 and a 200-day simple moving average of $94.07. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $120.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last released 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. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. Research analysts forecast that The Walt Disney Company will post 4.62 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed 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 is Monday, July 8th. Walt Disney’s dividend payout ratio is 55.56%.

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.