DDD Partners LLC Sells 41,253 Shares of The Walt Disney Company (NYSE:DIS)

DDD Partners LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,457 shares of the entertainment giant’s stock after selling 41,253 shares during the quarter. Walt Disney comprises 1.7% of DDD Partners LLC’s holdings, making the stock its 24th biggest position. DDD Partners LLC’s holdings in Walt Disney were worth $12,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Walt Disney by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after purchasing an additional 994,575 shares in the last quarter. State Street Corp boosted its holdings in shares of Walt Disney by 3.5% in the 2nd quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock valued at $6,530,160,000 after acquiring an additional 2,482,492 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the last quarter. Trian Fund Management L.P. boosted its holdings in shares of Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Walt Disney by 10.6% in the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after acquiring an additional 2,384,407 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DIS shares. Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday. Rosenblatt Securities dropped their price objective on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $95.00 to $135.00 in a report on Monday. Finally, Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.64.

Walt Disney Price Performance

Walt Disney stock opened at $120.98 on Thursday. The company’s 50 day simple moving average is $106.66 and its 200-day simple moving average is $94.34. The company has a market capitalization of $221.91 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 $122.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.66 earnings per share 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. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’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 owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Walt Disney 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.