Mach 1 Financial Group LLC Sells 145 Shares of The Walt Disney Company (NYSE:DIS)

Mach 1 Financial Group LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,230 shares of the entertainment giant’s stock after selling 145 shares during the period. Mach 1 Financial Group LLC’s holdings in Walt Disney were worth $292,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in Walt Disney by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 252,973 shares of the entertainment giant’s stock worth $20,503,000 after purchasing an additional 14,363 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Walt Disney by 20.7% in the third quarter. Tectonic Advisors LLC now owns 10,331 shares of the entertainment giant’s stock worth $837,000 after purchasing an additional 1,769 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Walt Disney by 0.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 921,602 shares of the entertainment giant’s stock valued at $74,696,000 after purchasing an additional 8,100 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Walt Disney by 6.8% during the third quarter. Simon Quick Advisors LLC now owns 8,514 shares of the entertainment giant’s stock valued at $690,000 after purchasing an additional 544 shares during the period. Finally, Horizon Bancorp Inc. IN boosted its position in shares of Walt Disney by 64.7% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 1,023 shares of the entertainment giant’s stock worth $83,000 after purchasing an additional 402 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. UBS Group increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Evercore ISI lifted their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. began coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Price Performance

DIS stock opened at $110.45 on Thursday. The firm has a 50 day simple moving average of $114.28 and a two-hundred day simple moving average of $100.32. The stock has a market cap of $202.60 billion, a PE ratio of 68.18, a P/E/G ratio of 1.36 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year 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.

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 the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, analysts predict that The Walt Disney Company will post 4.67 EPS 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. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is 18.52%.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Company 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.