The Walt Disney Company (NYSE:DIS) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 361,737 shares of the entertainment giant’s stock after selling 149,637 shares during the quarter. Flossbach Von Storch AG’s holdings in Walt Disney were worth $32,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Carolinas Wealth Consulting LLC grew its stake in shares of Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock worth $490,000 after purchasing an additional 100 shares in the last quarter. Compton Capital Management Inc. RI grew its stake in shares of Walt Disney by 0.5% during the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after purchasing an additional 100 shares in the last quarter. Linscomb & Williams Inc. grew its stake in shares of Walt Disney by 1.9% during the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock worth $766,000 after purchasing an additional 106 shares in the last quarter. First Business Financial Services Inc. grew its stake in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after purchasing an additional 113 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Walt Disney by 0.5% during the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America boosted their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Guggenheim upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company upped their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft decreased their price objective 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, The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $124.54.

Walt Disney Price Performance

Shares of DIS traded down $0.94 during mid-day trading on Wednesday, reaching $112.94. 6,981,472 shares of the company’s stock were exchanged, compared to its average volume of 12,198,056. 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 50-day simple moving average of $113.86 and a two-hundred day simple moving average of $98.25. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a market cap of $207.17 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 1.64 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 earnings per share 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 analysts’ expectations of $23.71 billion. During the same period last year, the company posted $0.99 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict 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. Stockholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. 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 (DPR) is 18.52%.

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.