Yacktman Asset Management LP Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Yacktman Asset Management LP reduced its position in The Walt Disney Company (NYSE:DIS) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,648,856 shares of the entertainment giant’s stock after selling 12,686 shares during the period. Walt Disney accounts for about 1.4% of Yacktman Asset Management LP’s holdings, making the stock its 28th biggest holding. Yacktman Asset Management LP owned 0.09% of Walt Disney worth $148,875,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DIS. Impact Partnership Wealth LLC grew its stake in shares of Walt Disney by 225.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,331 shares of the entertainment giant’s stock valued at $189,000 after purchasing an additional 1,614 shares during the last quarter. Elevated Capital Advisors LLC boosted its holdings in shares of Walt Disney by 33.3% in the third quarter. Elevated Capital Advisors LLC now owns 5,922 shares of the entertainment giant’s stock valued at $480,000 after acquiring an additional 1,480 shares in the last quarter. Atlas Brown Inc. increased its stake in shares of Walt Disney by 1.7% during the third quarter. Atlas Brown Inc. now owns 19,131 shares of the entertainment giant’s stock worth $1,551,000 after acquiring an additional 328 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Walt Disney by 85.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 13,752 shares of the entertainment giant’s stock worth $1,115,000 after purchasing an additional 6,317 shares in the last quarter. Finally, BTC Capital Management Inc. increased its position in Walt Disney by 1.4% during the 3rd quarter. BTC Capital Management Inc. now owns 52,672 shares of the entertainment giant’s stock worth $4,269,000 after purchasing an additional 706 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.4 %

DIS traded down $0.47 during trading on Friday, hitting $112.30. 3,353,684 shares of the company’s stock were exchanged, compared to its average volume of 11,746,728. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a 50 day moving average price of $114.16 and a 200 day moving average price of $99.46. The firm has a market cap of $205.99 billion, a P/E ratio of 69.32, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was down .1% on a year-over-year basis. As a group, 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 announced a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders 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 currently 18.52%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIS. Wells Fargo & Company lifted their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group cut their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Finally, Evercore ISI upped their price target on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.08.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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 can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.