Bahl & Gaynor Inc. Sells 3,562 Shares of The Walt Disney Company (NYSE:DIS)

Bahl & Gaynor Inc. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,733 shares of the entertainment giant’s stock after selling 3,562 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Walt Disney were worth $8,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Aurora Private Wealth Inc. lifted its stake in Walt Disney by 6.5% in the third quarter. Aurora Private Wealth Inc. now owns 2,886 shares of the entertainment giant’s stock valued at $234,000 after purchasing an additional 177 shares during the last quarter. Cascade Investment Group Inc. grew its holdings in Walt Disney by 11.9% during the 3rd quarter. Cascade Investment Group Inc. now owns 2,605 shares of the entertainment giant’s stock valued at $211,000 after buying an additional 277 shares in the last quarter. Garrison Point Advisors LLC increased its holdings in Walt Disney by 1.8% during the 3rd quarter. Garrison Point Advisors LLC now owns 9,847 shares of the entertainment giant’s stock worth $798,000 after acquiring an additional 170 shares during the period. Ballast Inc. boosted its holdings in Walt Disney by 247.4% in the 3rd quarter. Ballast Inc. now owns 9,435 shares of the entertainment giant’s stock valued at $765,000 after purchasing an additional 6,719 shares during the period. Finally, DDD Partners LLC grew its position in shares of Walt Disney by 58.8% during the 3rd quarter. DDD Partners LLC now owns 184,710 shares of the entertainment giant’s stock valued at $15,580,000 after purchasing an additional 68,366 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock traded down $0.04 during trading on Friday, reaching $112.73. The company’s stock had a trading volume of 6,292,905 shares, compared to its average volume of 11,784,900. The company has a market capitalization of $206.78 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. 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 company’s fifty day moving average is $114.18 and its 200-day moving average is $99.66. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping 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 company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 4.66 earnings per share 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 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 is currently 18.52%.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Rosenblatt Securities raised their price objective on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Macquarie lifted their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, Evercore ISI increased their price objective on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

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.