SageView Advisory Group LLC Sells 3,278 Shares of The Walt Disney Company (NYSE:DIS)

SageView Advisory Group LLC cut its position in The Walt Disney Company (NYSE:DIS) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,472 shares of the entertainment giant’s stock after selling 3,278 shares during the period. SageView Advisory Group LLC’s holdings in Walt Disney were worth $2,954,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackDiamond Wealth Management LLC increased its position in Walt Disney by 3.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 3,286 shares of the entertainment giant’s stock worth $318,000 after acquiring an additional 104 shares during the period. Evolution Advisers Inc. grew its holdings in shares of Walt Disney by 38.2% during the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the last quarter. Gradient Capital Advisors LLC boosted its position in Walt Disney by 2.9% during the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after buying an additional 111 shares during the period. First Business Financial Services Inc. lifted its position in shares of Walt Disney by 0.7% in the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after purchasing an additional 113 shares during the period. Finally, Royal Fund Management LLC lifted its position in shares of Walt Disney by 2.4% in the 4th quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock worth $441,000 after purchasing an additional 113 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. Barclays dropped their target price on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Tuesday, May 7th. The Goldman Sachs Group cut their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Evercore ISI cut their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Stock Up 1.1 %

Shares of DIS traded up $1.08 during mid-day trading on Friday, hitting $101.74. The company’s stock had a trading volume of 3,681,719 shares, compared to its average volume of 11,909,662. The company’s 50-day moving average is $112.72 and its 200-day moving average is $102.79. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $185.48 billion, a price-to-earnings ratio of 110.45, a PEG ratio of 1.28 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.