The Walt Disney Company (NYSE:DIS) Shares Sold by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,698 shares of the entertainment giant’s stock after selling 1,007 shares during the period. Walt Disney accounts for about 0.4% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Bradley & Co. Private Wealth Management LLC’s holdings in Walt Disney were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. Avitas Wealth Management LLC grew its stake in Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the period. WNY Asset Management LLC boosted its holdings in shares of Walt Disney by 32.8% during the third 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 during the last quarter. Pathway Financial Advisors LLC grew its position in shares of Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares during the period. Telos Capital Management Inc. increased its stake in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock valued at $6,751,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its position in Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after buying an additional 546 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, 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 the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group lowered their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Macquarie increased their target price on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Stock Down 1.0 %

NYSE:DIS traded down $1.18 on Thursday, reaching $112.74. The stock had a trading volume of 8,033,218 shares, compared to its average volume of 11,853,280. The company has a 50-day moving average of $114.16 and a 200 day moving average of $99.46. 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 stock has a market cap of $206.80 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 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 firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Walt Disney Company 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.