Telemus Capital LLC Sells 1,569 Shares of The Walt Disney Company (NYSE:DIS)

Telemus Capital LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,740 shares of the entertainment giant’s stock after selling 1,569 shares during the quarter. Telemus Capital LLC’s holdings in Walt Disney were worth $3,046,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Avitas Wealth Management LLC boosted its position in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares during the period. WNY Asset Management LLC lifted its holdings in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after buying an additional 2,304 shares during the last quarter. Pathway Financial Advisors LLC lifted its holdings in shares of Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after buying an additional 141 shares during the last quarter. Telos Capital Management Inc. lifted its holdings in shares of Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after buying an additional 546 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Needham & Company LLC increased their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Wells Fargo & Company increased their target price on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Macquarie increased their target price on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Guggenheim increased their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One 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 company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $111.99 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock has a 50 day moving average of $114.04 and a 200-day moving average of $99.05. The company has a market capitalization of $205.42 billion, a P/E ratio of 69.13, a P/E/G ratio of 1.38 and a beta of 1.42.

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

Walt Disney Cuts Dividend

The company 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 of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate 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.