Court Place Advisors LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Court Place Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,847 shares of the entertainment giant’s stock after selling 768 shares during the quarter. Court Place Advisors LLC’s holdings in Walt Disney were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Walt Disney during the 1st quarter valued at about $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney during the 1st quarter valued at about $29,000. Planned Solutions Inc. purchased a new stake in Walt Disney during the 4th quarter valued at about $26,000. SkyView Investment Advisors LLC lifted its holdings in Walt Disney by 172.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock worth $78,000 after buying an additional 202 shares during the period. Finally, Stone House Investment Management LLC lifted its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DIS shares. UBS Group increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. 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. Evercore ISI raised their target price on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Wells Fargo & Company raised their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research 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 company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Stock Down 0.8 %

Shares of Walt Disney stock traded down $0.94 on Wednesday, reaching $112.94. The company’s stock had a trading volume of 6,981,472 shares, compared to its average volume of 12,198,056. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market capitalization of $207.17 billion, a price-to-earnings ratio of 70.30, a P/E/G ratio of 1.64 and a beta of 1.42. The firm’s fifty day simple moving average is $113.59 and its two-hundred day simple moving average is $98.14.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. Walt Disney’s revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.