ERn Financial LLC Has $773,000 Stake in The Walt Disney Company (NYSE:DIS)

ERn Financial LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,388 shares of the entertainment giant’s stock after selling 1,066 shares during the period. ERn Financial LLC’s holdings in Walt Disney were worth $773,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney in the 1st quarter valued at approximately $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at approximately $29,000. Planned Solutions Inc. bought a new stake in Walt Disney during the fourth quarter worth approximately $26,000. SkyView Investment Advisors LLC boosted its position in Walt Disney by 172.6% during the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock worth $78,000 after purchasing an additional 202 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 1.1 %

Shares of NYSE DIS traded up $1.38 during mid-day trading on Friday, reaching $122.36. 15,367,421 shares of the company’s stock were exchanged, compared to its average volume of 10,777,911. The firm has a market capitalization of $224.44 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 1.86 and a beta of 1.41. 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 business has a fifty day simple moving average of $107.88 and a 200 day simple moving average of $94.72. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced 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 return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter last year, the firm earned $0.99 EPS. Walt Disney’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given 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 dividend payout ratio (DPR) is 18.52%.

Insiders Place Their Bets

In related news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DIS shares. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $135.00 in a research report on Monday. Rosenblatt Securities reduced their price objective on Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company increased their price objective on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $117.77.

About Walt Disney

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.