Weatherly Asset Management L. P. Has $6.75 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Weatherly Asset Management L. P. lessened its holdings in The Walt Disney Company (NYSE:DIS) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 74,524 shares of the entertainment giant’s stock after selling 8,560 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Walt Disney were worth $6,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. Planned Solutions Inc. acquired a new stake in Walt Disney during the fourth quarter valued at $26,000. Fortis Group Advisors LLC bought a new position in Walt Disney during the third quarter valued at about $30,000. Stone House Investment Management LLC raised its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. Orion Capital Management LLC bought a new position in Walt Disney during the third quarter valued at about $35,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Walt Disney by 15,900.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock valued at $39,000 after buying an additional 477 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DIS. Raymond James lifted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Wells Fargo & Company lifted their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Evercore ISI lifted their target price on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Trading Up 1.5 %

DIS stock traded up $1.73 during trading on Tuesday, hitting $113.72. The company had a trading volume of 6,830,656 shares, compared to its average volume of 11,972,034. 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 firm has a 50-day moving average price of $114.04 and a 200-day moving average price of $99.05. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock has a market cap of $208.59 billion, a price-to-earnings ratio of 69.95, a PEG ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 EPS. Walt Disney’s revenue was down .1% on a year-over-year basis. As a group, analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current 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 given a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio 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 company’s 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 completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.