Kiley Juergens Wealth Management LLC Sells 2,367 Shares of The Walt Disney Company (NYSE:DIS)

Kiley Juergens Wealth Management LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 17.6% during the 4th quarter, HoldingsChannel reports. The fund owned 11,055 shares of the entertainment giant’s stock after selling 2,367 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Walt Disney were worth $998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Avitas Wealth Management LLC grew its stake in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after buying an additional 238 shares in the last quarter. WNY Asset Management LLC raised its holdings in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after buying an additional 2,304 shares during the last quarter. Pathway Financial Advisors LLC raised its holdings in Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares during the last quarter. Tempus Wealth Planning LLC raised its holdings in Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after purchasing an additional 546 shares during the last quarter. Finally, Stelac Advisory Services LLC raised its holdings in Walt Disney by 7.7% during the 3rd quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after purchasing an additional 4,915 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.8 %

Shares of NYSE:DIS traded up $0.94 during trading on Tuesday, reaching $113.89. 9,289,456 shares of the company were exchanged, compared to its average volume of 12,253,987. The firm has a market capitalization of $208.91 billion, a PE ratio of 70.14, a P/E/G ratio of 1.65 and a beta of 1.42. The business’s fifty day simple moving average is $113.30 and its 200-day simple moving average is $97.91. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during 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 was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 4.66 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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DIS. Needham & Company LLC raised their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Bank of America boosted their price objective on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. began coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.54.

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.