The Walt Disney Company (NYSE:DIS) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,802 shares of the entertainment giant’s stock after selling 370 shares during the period. NTV Asset Management LLC’s holdings in Walt Disney were worth $1,517,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in Walt Disney during the 4th quarter worth about $26,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney during the 3rd quarter worth about $30,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Evolution Advisers Inc. increased its holdings in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Walt Disney during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 approximately $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIS shares. UBS Group upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. The Goldman Sachs Group dropped their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. started coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Performance

Walt Disney stock traded up $1.04 during mid-day trading on Friday, reaching $113.66. 7,411,112 shares of the company were exchanged, compared to its average volume of 7,776,801. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The firm’s 50-day simple moving average is $114.50 and its two-hundred day simple moving average is $100.60. 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 cap of $208.49 billion, a PE ratio of 70.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted 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 company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.99 EPS. Equities analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 55.56%.

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.