Avidian Wealth Solutions LLC Sells 479 Shares of The Walt Disney Company (NYSE:DIS)

Avidian Wealth Solutions LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,310 shares of the entertainment giant’s stock after selling 479 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Walt Disney were worth $1,563,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Spectrum Wealth Advisory Group LLC lifted its position in Walt Disney by 1.9% in the 3rd quarter. Spectrum Wealth Advisory Group LLC now owns 7,950 shares of the entertainment giant’s stock worth $644,000 after buying an additional 152 shares during the last quarter. Waypoint Capital Advisors LLC grew its position in Walt Disney by 5.6% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 5,151 shares of the entertainment giant’s stock valued at $417,000 after purchasing an additional 274 shares during the last quarter. Legal Advantage Investments Inc. raised its holdings in Walt Disney by 0.3% in the 3rd quarter. Legal Advantage Investments Inc. now owns 51,603 shares of the entertainment giant’s stock worth $4,182,000 after acquiring an additional 175 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in shares of Walt Disney by 31.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 7,023 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Concord Wealth Partners lifted its holdings in shares of Walt Disney by 20.5% during the third quarter. Concord Wealth Partners now owns 3,477 shares of the entertainment giant’s stock valued at $282,000 after purchasing an additional 591 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.04 during midday trading on Friday, hitting $113.66. The company had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The business has a 50-day simple moving average of $114.50 and a two-hundred day simple moving average of $100.81. The firm has a market capitalization of $208.49 billion, a price-to-earnings ratio of 70.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 4.7 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued 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 payout ratio is 18.52%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Bank of America boosted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, Tigress Financial reiterated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.08.

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.