Check Capital Management Inc. CA Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Check Capital Management Inc. CA lowered its stake in The Walt Disney Company (NYSE:DIS) by 90.5% in the 4th quarter, HoldingsChannel reports. The fund owned 3,360 shares of the entertainment giant’s stock after selling 32,079 shares during the period. Check Capital Management Inc. CA’s holdings in Walt Disney were worth $303,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DIS. Trian Fund Management L.P. raised its stake 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 valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. Moneta Group Investment Advisors LLC raised its position in Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after purchasing an additional 23,644,765 shares during the period. Norges Bank bought a new stake in Walt Disney in the fourth quarter worth about $1,433,075,000. Morgan Stanley boosted its position in shares of Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the period. Finally, First Eagle Investment Management LLC bought a new position in shares of Walt Disney during the third quarter valued at approximately $326,171,000. 65.71% of the stock is owned by institutional investors.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.2 %

NYSE:DIS traded up $0.19 during mid-day trading on Friday, hitting $112.62. 9,408,120 shares of the company’s stock traded hands, compared to its average volume of 12,109,229. The Walt Disney Company has a twelve month low of $78.73 and a twelve month 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 market capitalization of $206.58 billion, a P/E ratio of 69.24, a P/E/G ratio of 1.64 and a beta of 1.42. The company has a fifty day moving average of $113.90 and a 200 day moving average of $98.35.

Walt Disney (NYSE:DIS) last released its 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. Walt Disney’s revenue was down .1% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders 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 yield of 0.5%. Walt Disney’s payout ratio is presently 18.52%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIS. Wells Fargo & Company boosted their price objective on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Tigress Financial restated a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. UBS Group raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. One equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.54.

About Walt Disney

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.