Eldridge Investment Advisors Inc. Sells 155 Shares of The Walt Disney Company (NYSE:DIS)

Eldridge Investment Advisors Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,355 shares of the entertainment giant’s stock after selling 155 shares during the period. Eldridge Investment Advisors Inc.’s holdings in Walt Disney were worth $213,000 at the end of the most recent reporting period.

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

Walt Disney Stock Performance

NYSE DIS traded up $1.06 during trading hours on Friday, hitting $113.68. The company’s stock had a trading volume of 7,400,262 shares, compared to its average volume of 11,516,804. The company’s 50 day simple moving average is $114.38 and its two-hundred day simple moving average is $100.40. The company has a market cap of $208.53 billion, a P/E ratio of 70.17, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

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, beating analysts’ consensus estimates 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 return on equity of 7.88% and a net margin of 3.36%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. As a group, sell-side analysts expect that The Walt Disney Company will post 4.67 EPS 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. Stockholders of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Wells Fargo & Company upped their target price on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Argus upped their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.08.

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.