Vanguard Capital Wealth Advisors Trims Stake in The Walt Disney Company (NYSE:DIS)

Vanguard Capital Wealth Advisors lowered its holdings in The Walt Disney Company (NYSE:DIS) by 31.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,162 shares of the entertainment giant’s stock after selling 2,800 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Walt Disney were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Walt Disney by 0.7% in 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 purchasing an additional 994,575 shares during the period. Morgan Stanley raised its holdings in shares of Walt Disney by 0.4% in the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after buying an additional 195,512 shares during the period. Trian Fund Management L.P. raised its holdings in shares of Walt Disney by 411.6% in the 3rd 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 buying an additional 26,443,257 shares during the period. Northern Trust Corp raised its holdings in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 1.1% in the 3rd 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 buying an additional 217,567 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several research analyst reports. Macquarie boosted their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. UBS Group upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Needham & Company LLC upped their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Trading Down 0.9 %

Walt Disney stock traded down $0.97 during midday trading on Tuesday, reaching $111.11. The stock had a trading volume of 8,146,340 shares, compared to its average volume of 11,685,459. 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 capitalization of $203.80 billion, a PE ratio of 68.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. 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’s 50-day simple moving average is $114.19 and its 200 day simple moving average is $100.06.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for 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 revenue for the quarter 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. Analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Buying and Selling at Walt Disney

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

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.