Alpha Cubed Investments LLC Has $1.24 Million Stake in The Walt Disney Company (NYSE:DIS)

Alpha Cubed Investments LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,781 shares of the entertainment giant’s stock after selling 569 shares during the period. Alpha Cubed Investments LLC’s holdings in Walt Disney were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the third quarter valued at $30,000. Stone House Investment Management LLC raised its stake in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Evolution Advisers Inc. raised its stake in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in Walt Disney during the third quarter worth $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wells Fargo & Company increased their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Argus 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 10th. 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 investment 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Trading Down 0.1 %

NYSE DIS opened at $111.00 on Wednesday. The firm has a market cap of $203.61 billion, a P/E ratio of 68.58, a P/E/G ratio of 1.37 and a beta of 1.42. 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 stock’s 50-day moving average is $114.22 and its 200-day moving average is $100.25. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter last year, the firm posted $0.99 earnings per share. Walt Disney’s revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 4.67 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. Investors of record on Monday, July 8th will be given 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 dividend payout ratio is presently 18.52%.

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.