Vance Wealth Inc. Decreases Stake in The Walt Disney Company (NYSE:DIS)

Vance Wealth Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,958 shares of the entertainment giant’s stock after selling 487 shares during the period. Vance Wealth Inc.’s holdings in Walt Disney were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DIS. Trian Fund Management L.P. lifted its position in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Walt Disney during the third quarter worth approximately $326,171,000. International Assets Investment Management LLC increased its stake in Walt Disney by 8,681.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after acquiring an additional 3,311,563 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Walt Disney by 21.0% during the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after acquiring an additional 2,505,486 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.0 %

Walt Disney stock traded down $0.04 during trading on Friday, hitting $112.73. The company had a trading volume of 6,304,843 shares, 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 current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company’s 50 day simple moving average is $114.18 and its 200-day simple moving average is $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 posted its quarterly earnings results 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 business 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 quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.66 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. Stockholders 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 dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on 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 directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DIS shares. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price on the stock. Rosenblatt Securities upped their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Guggenheim upped their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company upped their target price on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.08.

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.