The Walt Disney Company (NYSE:DIS) Shares Sold by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,832 shares of the entertainment giant’s stock after selling 1,123 shares during the period. Kapstone Financial Advisors LLC’s holdings in Walt Disney were worth $458,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DIS. Intellectus Partners LLC increased its position in shares of Walt Disney by 31.3% in the 4th quarter. Intellectus Partners LLC now owns 23,874 shares of the entertainment giant’s stock valued at $2,163,000 after acquiring an additional 5,689 shares during the period. RiverFront Investment Group LLC increased its position in shares of Walt Disney by 3.8% in the 4th quarter. RiverFront Investment Group LLC now owns 5,037 shares of the entertainment giant’s stock valued at $455,000 after acquiring an additional 184 shares during the period. Sargent Investment Group LLC increased its position in shares of Walt Disney by 6.3% in the 4th quarter. Sargent Investment Group LLC now owns 3,319 shares of the entertainment giant’s stock valued at $300,000 after acquiring an additional 196 shares during the period. Omnia Family Wealth LLC increased its position in shares of Walt Disney by 2.0% in the 4th quarter. Omnia Family Wealth LLC now owns 13,706 shares of the entertainment giant’s stock valued at $1,242,000 after acquiring an additional 263 shares during the period. Finally, Principle Wealth Partners LLC increased its position in shares of Walt Disney by 10.3% in the 4th quarter. Principle Wealth Partners LLC now owns 25,893 shares of the entertainment giant’s stock valued at $2,338,000 after acquiring an additional 2,410 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Guggenheim upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Raymond James upped their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Evercore ISI upped their price target on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One 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 company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Price Performance

Shares of DIS traded down $0.04 during mid-day trading on Friday, hitting $112.73. 6,304,843 shares of the company were exchanged, compared to its average volume of 9,049,604. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. 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 company has a 50 day moving average of $114.18 and a 200-day moving average of $99.76. The stock has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Analysts expect that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s payout ratio is 18.52%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

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.