Roman Butler Fullerton & Co. Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Roman Butler Fullerton & Co. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 19.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,252 shares of the entertainment giant’s stock after selling 1,016 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Walt Disney were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIS. Trian Fund Management L.P. boosted its holdings in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after buying an additional 23,644,765 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $1,433,075,000. Morgan Stanley boosted its holdings in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Walt Disney in the third quarter worth approximately $326,171,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.5 %

Shares of DIS opened at $112.43 on Friday. The company’s fifty day moving average is $113.90 and its 200 day moving average is $98.35. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market capitalization of $206.23 billion, a PE ratio of 69.40, a P/E/G ratio of 1.64 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.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. The company 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%. Walt Disney’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIS. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price target on the stock. Rosenblatt Securities lifted their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.