Brown Miller Wealth Management LLC Has $2.31 Million Holdings in The Walt Disney Company (NYSE:DIS)

Brown Miller Wealth Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,530 shares of the entertainment giant’s stock after selling 6,345 shares during the quarter. Walt Disney accounts for approximately 1.2% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 27th largest position. Brown Miller Wealth Management LLC’s holdings in Walt Disney were worth $2,305,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Markel Corp lifted its holdings in Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after acquiring an additional 42,500 shares during the period. Fairfield Bush & CO. boosted its holdings in shares of Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares during the last quarter. United Bank grew its position in Walt Disney by 8.7% during the first quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after buying an additional 794 shares during the period. AMI Investment Management Inc. increased its holdings in Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after buying an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Walt Disney by 0.6% in the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after acquiring an additional 4,722 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In related news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research analyst reports. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $135.00 in a research note on Monday. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Morgan Stanley increased their price objective 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 company an “outperform” rating in a research note on Tuesday. Finally, UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.77.

Walt Disney Stock Performance

Walt Disney stock traded up $1.38 during trading on Thursday, reaching $122.36. The company had a trading volume of 15,160,256 shares, compared to its average volume of 12,578,303. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. 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 firm has a market capitalization of $224.44 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The firm’s 50-day simple moving average is $107.28 and its 200 day simple moving average is $94.53.

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, topping analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $0.99 earnings per share. Sell-side analysts forecast that The Walt Disney Company will post 4.66 earnings per share 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. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Walt Disney 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.