Eagle Bluffs Wealth Management LLC Sells 648 Shares of The Walt Disney Company (NYSE:DIS)

Eagle Bluffs Wealth Management LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,502 shares of the entertainment giant’s stock after selling 648 shares during the quarter. Eagle Bluffs Wealth Management LLC’s holdings in Walt Disney were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Trian Fund Management L.P. raised its stake in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $1,433,075,000. Morgan Stanley grew its position in shares of Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the period. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter valued at about $326,171,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Up 0.9 %

Shares of DIS stock traded up $0.98 on Tuesday, reaching $113.93. 5,133,939 shares of the stock were exchanged, compared to its average volume of 12,203,172. 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 business’s 50 day moving average price is $113.30 and its 200 day moving average price is $97.91. The company has a market capitalization of $208.98 billion, a price-to-earnings ratio of 70.14, a PEG ratio of 1.65 and a beta of 1.42. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued 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 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 the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, sell-side 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 disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company boosted their target price on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Needham & Company LLC boosted their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

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.