Gibraltar Capital Management Inc. Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Gibraltar Capital Management Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,632 shares of the entertainment giant’s stock after selling 2,321 shares during the period. Walt Disney comprises 2.4% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Gibraltar Capital Management Inc.’s holdings in Walt Disney were worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Trian Fund Management L.P. lifted its holdings in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $326,171,000. International Assets Investment Management LLC lifted its holdings in shares of Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after purchasing an additional 2,505,486 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.9 %

Shares of Walt Disney stock traded down $0.97 during trading hours on Tuesday, hitting $111.11. The company’s stock had a trading volume of 8,146,340 shares, compared to its average volume of 11,685,459. The company has a market capitalization of $203.80 billion, a PE ratio of 68.58, a P/E/G ratio of 1.39 and a beta of 1.42. The business has a fifty day moving average of $114.22 and a 200 day moving average of $100.25. 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 1-year low of $78.73 and a 1-year high of $123.74.

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 business 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%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, equities analysts forecast 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. Shareholders 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 yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the 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 transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIS. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Tigress Financial reissued a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One investment 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. According to MarketBeat, the company presently has a consensus 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.