RB Capital Management LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

RB Capital Management LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 34,057 shares of the entertainment giant’s stock after selling 402 shares during the quarter. RB Capital Management LLC’s holdings in Walt Disney were worth $3,075,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new stake in Walt Disney in the fourth quarter worth about $26,000. Fortis Group Advisors LLC purchased a new position in Walt Disney in the third quarter valued at about $30,000. Stone House Investment Management LLC lifted its position in shares of Walt Disney by 355.3% during 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 during the last quarter. Evolution Advisers Inc. grew its position in Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in shares of Walt Disney in the third quarter worth about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $0.62 during midday trading on Wednesday, hitting $110.48. The stock had a trading volume of 6,326,207 shares, compared to its average volume of 11,594,524. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $202.66 billion, a PE ratio of 68.18, a P/E/G ratio of 1.37 and a beta of 1.42. The stock has a 50 day moving average price of $114.22 and a two-hundred day moving average price of $100.25.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company 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 for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. As a group, equities analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current fiscal 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 given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is 18.52%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Macquarie raised their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price on the stock. Needham & Company LLC lifted their price target on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

About Walt Disney

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.