Bluesphere Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Bluesphere Advisors LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,061 shares of the entertainment giant’s stock after selling 250 shares during the period. Bluesphere Advisors LLC’s holdings in Walt Disney were worth $457,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DIS. Chase Investment Counsel Corp bought a new stake in Walt Disney in the 4th quarter valued at about $220,000. Choreo LLC grew its stake in Walt Disney by 39.1% in the 4th quarter. Choreo LLC now owns 47,408 shares of the entertainment giant’s stock valued at $4,295,000 after buying an additional 13,318 shares in the last quarter. Bridgewealth Advisory Group LLC raised its stake in shares of Walt Disney by 12.9% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 4,376 shares of the entertainment giant’s stock valued at $395,000 after purchasing an additional 500 shares during the period. Eagle Wealth Strategies LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth about $281,000. Finally, Silver Oak Securities Incorporated boosted its holdings in Walt Disney by 210.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 7,932 shares of the entertainment giant’s stock valued at $716,000 after purchasing an additional 5,376 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Bank of America upped their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Needham & Company LLC increased their target price on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Macquarie lifted their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $135.00 in a report on Monday, March 25th. Finally, 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 for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Insider Buying and Selling at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Walt Disney Trading Down 0.2 %

Shares of DIS stock traded down $0.19 during trading on Monday, hitting $112.54. 2,388,459 shares of the stock traded hands, compared to its average volume of 11,668,880. The firm’s fifty day moving average price is $114.18 and its 200-day moving average price is $99.86. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. 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 firm has a market capitalization of $206.44 billion, a P/E ratio of 69.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for 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 quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. As a group, research analysts forecast 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 announced 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 is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 55.56%.

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.