The Walt Disney Company (NYSE:DIS) Holdings Trimmed by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,851 shares of the entertainment giant’s stock after selling 310 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Walt Disney were worth $348,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Roble Belko & Company Inc boosted its stake in Walt Disney by 1,121.5% during the fourth quarter. Roble Belko & Company Inc now owns 1,307 shares of the entertainment giant’s stock valued at $118,000 after buying an additional 1,200 shares in the last quarter. PDS Planning Inc boosted its stake in Walt Disney by 24.9% during the fourth quarter. PDS Planning Inc now owns 6,508 shares of the entertainment giant’s stock valued at $588,000 after buying an additional 1,299 shares in the last quarter. 1900 Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at about $225,000. Wedge Capital Management L L P NC bought a new position in Walt Disney during the fourth quarter valued at about $337,000. Finally, California Public Employees Retirement System boosted its position in shares of Walt Disney by 34.8% in the 4th quarter. California Public Employees Retirement System now owns 6,646,336 shares of the entertainment giant’s stock valued at $600,098,000 after purchasing an additional 1,716,259 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DIS shares. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. started coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Macquarie increased their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. UBS Group increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Stock Down 0.6 %

Shares of DIS traded down $0.62 during midday trading on Monday, reaching $111.99. 6,866,123 shares of the stock were exchanged, compared to its average volume of 12,038,354. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a 50 day simple moving average of $114.04 and a 200-day simple moving average of $99.05. 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 company has a market cap of $205.42 billion, a price-to-earnings ratio of 69.13, a P/E/G ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for 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 firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. Research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current 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 issued 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 dividend payout ratio is 18.52%.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the 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 owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.