The Walt Disney Company (NYSE:DIS) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,258 shares of the entertainment giant’s stock after selling 362 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Walt Disney were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter worth approximately $26,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the third quarter worth $30,000. Stone House Investment Management LLC increased its holdings in shares of 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 purchasing an additional 270 shares during the period. Evolution Advisers Inc. raised its stake in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Walt Disney in the third quarter worth about $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Rosenblatt Securities upped their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group reduced their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, UBS Group boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.17.

Walt Disney Stock Up 2.7 %

Shares of DIS traded up $3.03 during trading hours on Monday, reaching $116.69. The company’s stock had a trading volume of 12,025,112 shares, compared to its average volume of 11,517,162. 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 market cap of $214.05 billion, a price-to-earnings ratio of 71.93, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a 50 day moving average of $114.50 and a two-hundred day moving average of $100.81. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released 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. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, research analysts predict that The Walt Disney Company will post 4.7 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors 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 yield of 0.5%. Walt Disney’s payout ratio is 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.