Beaumont Financial Advisors LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Beaumont Financial Advisors LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 61.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,929 shares of the entertainment giant’s stock after selling 48,699 shares during the period. Beaumont Financial Advisors LLC’s holdings in Walt Disney were worth $2,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Planned Solutions Inc. purchased a new stake in Walt Disney in the 4th quarter valued at about $26,000. Dark Forest Capital Management LP purchased a new stake in Walt Disney in the 1st quarter valued at about $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $29,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney during the 3rd quarter worth about $30,000. Finally, Stone House Investment Management LLC grew its holdings in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Rosenblatt Securities boosted their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. 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. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Stock Performance

DIS traded down $0.13 during trading on Friday, reaching $112.30. 5,448,339 shares of the company were exchanged, compared to its average volume of 12,054,446. The stock has a market cap of $205.99 billion, a P/E ratio of 69.24, a PEG ratio of 1.64 and a beta of 1.42. The firm has a 50 day moving average of $113.90 and a 200 day moving average of $98.35. 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 Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. The company’s revenue for the quarter 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 company also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors 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 is currently 18.52%.

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.