Steel Grove Capital Advisors LLC Sells 579 Shares of The Walt Disney Company (NYSE:DIS)

Steel Grove Capital Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 18.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,524 shares of the entertainment giant’s stock after selling 579 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Walt Disney were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Compton Capital Management Inc. RI lifted its position in Walt Disney by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after acquiring an additional 100 shares during the period. Carolinas Wealth Consulting LLC increased its stake in Walt Disney by 2.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after buying an additional 100 shares during the period. Linscomb & Williams Inc. lifted its stake in shares of Walt Disney by 1.9% in the 1st quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock worth $766,000 after acquiring an additional 106 shares during the period. Apexium Financial LP boosted its holdings in shares of Walt Disney by 1.3% in the second quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock valued at $790,000 after acquiring an additional 113 shares in the last quarter. Finally, First Business Financial Services Inc. increased its stake in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the sale, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DIS has been the topic of several recent analyst reports. Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley increased their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Needham & Company LLC boosted their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday. Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, UBS Group upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $117.77.

Walt Disney Stock Performance

DIS traded up $1.42 during trading on Thursday, reaching $122.40. 9,770,715 shares of the company were exchanged, compared to its average volume of 12,480,050. 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 $224.52 billion, a P/E ratio of 75.50, a PEG ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a 50 day moving average of $106.66 and a 200 day moving average of $94.34.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $23.71 billion. During the same period last year, the firm posted $0.99 EPS. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced 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. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

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.