Abbrea Capital LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Abbrea Capital LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,560 shares of the entertainment giant’s stock after selling 1,090 shares during the quarter. Abbrea Capital LLC’s holdings in Walt Disney were worth $2,587,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Syon Capital LLC increased its holdings in Walt Disney by 63.7% in the 4th quarter. Syon Capital LLC now owns 7,032 shares of the entertainment giant’s stock worth $635,000 after acquiring an additional 2,737 shares during the last quarter. Meritage Portfolio Management boosted its stake in Walt Disney by 45.9% in the 4th quarter. Meritage Portfolio Management now owns 3,781 shares of the entertainment giant’s stock worth $341,000 after purchasing an additional 1,189 shares during the period. Disciplined Equity Management Inc. bought a new position in Walt Disney in the 4th quarter worth about $63,000. BIP Wealth LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at about $244,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Walt Disney by 1.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 104,318 shares of the entertainment giant’s stock valued at $9,419,000 after buying an additional 1,761 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Argus lifted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group reduced their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Macquarie boosted their target price on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Rosenblatt Securities boosted their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.08.

Insider Activity

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

Walt Disney Stock Performance

Shares of DIS traded down $0.06 during mid-day trading on Friday, hitting $112.71. 6,299,567 shares of the company traded hands, compared to its average volume of 11,784,864. 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 50-day moving average price of $114.16 and a two-hundred day moving average price of $99.46. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a market cap of $206.74 billion, a price-to-earnings ratio of 69.32, a P/E/G ratio of 1.40 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities 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 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%.

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.