Bender Robert & Associates Sells 1,388 Shares of The Walt Disney Company (NYSE:DIS)

Bender Robert & Associates cut its holdings in The Walt Disney Company (NYSE:DIS) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,378 shares of the entertainment giant’s stock after selling 1,388 shares during the period. Walt Disney comprises approximately 0.8% of Bender Robert & Associates’ investment portfolio, making the stock its 22nd biggest holding. Bender Robert & Associates’ holdings in Walt Disney were worth $3,014,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Compton Capital Management Inc. RI grew its stake in shares of Walt Disney by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after acquiring an additional 100 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after purchasing an additional 100 shares during the period. Linscomb & Williams Inc. increased its stake in shares of Walt Disney by 1.9% in the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock worth $766,000 after purchasing an additional 106 shares in the last quarter. First Business Financial Services Inc. raised its position in shares of Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock valued at $2,176,000 after purchasing an additional 118 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Wells Fargo & Company boosted their price objective on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Raymond James raised their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Trading Down 0.5 %

NYSE:DIS traded down $0.51 during trading hours on Thursday, reaching $112.43. The company’s stock had a trading volume of 7,596,542 shares, compared to its average volume of 12,136,779. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market capitalization of $206.23 billion, a price-to-earnings ratio of 70.39, a PEG ratio of 1.65 and a beta of 1.42. The firm has a 50-day simple moving average of $113.86 and a 200-day simple moving average of $98.25. 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 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for 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 company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. Research analysts expect that The Walt Disney Company will post 4.66 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. Shareholders of record on Monday, July 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the 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 of the company’s stock, valued at approximately $536,448. The sale 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.

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.