TRUE Private Wealth Advisors Decreases Holdings in The Walt Disney Company (NYSE:DIS)

TRUE Private Wealth Advisors lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,762 shares of the entertainment giant’s stock after selling 177 shares during the period. TRUE Private Wealth Advisors’ holdings in Walt Disney were worth $430,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth about $26,000. Dark Forest Capital Management LP purchased a new position in Walt Disney during the first quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new position in Walt Disney during the first quarter valued at approximately $29,000. Fortis Group Advisors LLC purchased a new position in Walt Disney during the third quarter valued at approximately $30,000. Finally, MBM Wealth Consultants LLC grew its stake in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DIS. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Macquarie boosted their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Guggenheim boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Finally, Bank of America boosted their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Walt Disney Trading Down 0.8 %

NYSE:DIS opened at $112.94 on Thursday. The company has a fifty day moving average of $113.86 and a 200 day moving average of $98.25. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $207.17 billion, a P/E ratio of 69.72, a P/E/G ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during 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 quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. On average, research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid 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 18.52%.

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.