The Walt Disney Company (NYSE:DIS) Stock Holdings Trimmed by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,800 shares of the entertainment giant’s stock after selling 123 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Walt Disney were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new position in Walt Disney in the first quarter valued at approximately $28,000. Worth Asset Management LLC acquired a new position in Walt Disney in the first quarter valued at approximately $29,000. Planned Solutions Inc. acquired a new position in Walt Disney in the fourth quarter valued at approximately $26,000. SkyView Investment Advisors LLC boosted its stake in Walt Disney by 172.6% in the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares during the period. Finally, Stone House Investment Management LLC boosted its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares during the period. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on DIS shares. The Goldman Sachs Group decreased their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.54.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.19 during midday trading on Friday, hitting $112.62. The company’s stock had a trading volume of 9,408,120 shares, compared to its average volume of 12,109,229. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week 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 stock has a market capitalization of $206.58 billion, a price-to-earnings ratio of 69.52, a PEG ratio of 1.64 and a beta of 1.42. The stock’s 50 day simple moving average is $113.98 and its 200 day simple moving average is $98.56.

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. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business 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. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 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.