The Walt Disney Company (NYSE:DIS) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,729 shares of the entertainment giant’s stock after selling 3,390 shares during the period. Procyon Advisors LLC’s holdings in Walt Disney were worth $5,032,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Markel Corp increased its holdings in shares of Walt Disney by 2.3% in the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after purchasing an additional 42,500 shares during the period. Fairfield Bush & CO. increased its stake in Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after buying an additional 320 shares during the period. United Bank increased its stake 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 buying an additional 794 shares during the period. AMI Investment Management Inc. increased its stake in Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after buying an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after purchasing an additional 4,722 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.4 %

DIS traded up $1.72 during mid-day trading on Thursday, hitting $122.70. The stock had a trading volume of 3,359,737 shares, compared to its average volume of 12,358,925. The stock’s fifty day simple moving average is $106.66 and its 200-day simple moving average is $94.34. 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 $225.07 billion, a price-to-earnings ratio of 74.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business posted $0.99 EPS. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced 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. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is presently 18.52%.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Needham & Company LLC raised Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, February 8th. The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.64.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.