Investors Asset Management of Georgia Inc. GA ADV Sells 409 Shares of The Walt Disney Company (NYSE:DIS)

Investors Asset Management of Georgia Inc. GA ADV lessened its holdings in shares of The Walt Disney Company (NYSE:DISFree Report) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,453 shares of the entertainment giant’s stock after selling 409 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Walt Disney were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DIS. Markel Corp raised its position in shares of Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after acquiring an additional 42,500 shares in the last quarter. Fairfield Bush & CO. lifted its holdings in shares of Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after purchasing an additional 320 shares during the period. United Bank boosted its holdings in Walt Disney by 8.7% in the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after purchasing an additional 794 shares in the last quarter. AMI Investment Management Inc. grew its holdings in Walt Disney by 4.6% during the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after acquiring an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp grew its position in Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after buying an additional 4,722 shares during the period. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock traded up $0.90 during trading hours on Monday, hitting $109.29. The stock had a trading volume of 12,997,320 shares, compared to its average volume of 14,524,053. The Walt Disney Company has a one year low of $78.73 and a one year high of $112.77. The stock has a market capitalization of $200.47 billion, a price-to-earnings ratio of 67.43, a PEG ratio of 1.80 and a beta of 1.39. 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 stock’s 50-day moving average price is $93.44 and its two-hundred day moving average price is $88.33.

Walt Disney (NYSE:DISGet Free Report) last issued 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 business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. Equities analysts forecast that The Walt Disney Company will post 4.63 EPS for the current year.

Walt Disney Cuts Dividend

The firm 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 $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. UBS Group cut their price objective on Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 16th. Needham & Company LLC raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

View Our Latest Analysis on DIS

Insiders Place Their Bets

In other news, Director Amy Chang bought 1,078 shares of the stock in a transaction on Thursday, December 7th. The shares were bought at an average price of $92.69 per share, with a total value of $99,919.82. Following the completion of the acquisition, the director now owns 6,216 shares of the company’s stock, valued at $576,161.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walt Disney news, EVP Brent Woodford sold 18,788 shares of Walt Disney stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.99, for a total value of $1,747,096.12. Following the completion of the transaction, the executive vice president now directly owns 33,586 shares in the company, valued at $3,123,162.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy Chang acquired 1,078 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $92.69 per share, for a total transaction of $99,919.82. Following the purchase, the director now directly owns 6,216 shares of the company’s stock, valued at $576,161.04. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

About Walt Disney

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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