Van Cleef Asset Management Inc Has $8.93 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Van Cleef Asset Management Inc trimmed its stake in The Walt Disney Company (NYSE:DIS) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,843 shares of the entertainment giant’s stock after selling 839 shares during the quarter. Walt Disney comprises about 1.3% of Van Cleef Asset Management Inc’s holdings, making the stock its 21st biggest position. Van Cleef Asset Management Inc’s holdings in Walt Disney were worth $8,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Planned Solutions Inc. bought a new position in shares of Walt Disney in the fourth quarter valued at $26,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the third quarter valued at $30,000. Stone House Investment Management LLC lifted its stake in shares of 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 buying an additional 270 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Walt Disney in the third quarter valued at $35,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Walt Disney by 15,900.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 480 shares of the entertainment giant’s stock valued at $39,000 after buying an additional 477 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS traded down $1.18 during trading hours on Thursday, hitting $112.74. The company’s stock had a trading volume of 8,033,218 shares, compared to its average volume of 11,853,280. The company has a market cap of $206.80 billion, a price-to-earnings ratio of 69.18, a PEG ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The business has a 50 day simple moving average of $114.15 and a two-hundred day simple moving average of $99.37. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted 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. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. On average, equities analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors 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 dividend payout ratio is currently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Macquarie raised their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Evercore ISI raised their price target on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Guggenheim raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. One investment 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.08.

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.