Cora Capital Advisors LLC Sells 715 Shares of The Walt Disney Company (NYSE:DIS)

Cora Capital Advisors LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,096 shares of the entertainment giant’s stock after selling 715 shares during the period. Cora Capital Advisors LLC’s holdings in Walt Disney were worth $280,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DIS. Vanguard Group Inc. increased its stake in Walt Disney by 0.7% during the third quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after acquiring an additional 994,575 shares during the period. Morgan Stanley increased its stake in Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after acquiring an additional 195,512 shares during the period. Trian Fund Management L.P. boosted its holdings in Walt Disney by 411.6% during 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 purchasing an additional 26,443,257 shares in the last quarter. Northern Trust Corp boosted its holdings in Walt Disney by 10.6% during the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Walt Disney by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant’s stock valued at $1,683,961,000 after purchasing an additional 217,567 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Transactions at Walt Disney

In other 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS traded down $0.04 during mid-day trading on Friday, hitting $112.73. The stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The stock has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42. The company’s 50 day simple moving average is $114.18 and its 200 day simple moving average is $99.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently announced 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 dividend payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DIS. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Raymond James boosted their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Bank of America upped their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Morgan Stanley upped their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. One equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.