Jacobs & Co. CA Trims Stake in The Walt Disney Company (NYSE:DIS)

Jacobs & Co. CA reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 105,074 shares of the entertainment giant’s stock after selling 635 shares during the period. Jacobs & Co. CA’s holdings in Walt Disney were worth $9,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DIS. Dark Forest Capital Management LP purchased a new position in Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC bought a new stake in Walt Disney in the first quarter worth $29,000. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter worth $30,000. MBM Wealth Consultants LLC lifted its stake in Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in Walt Disney in the third quarter worth $35,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. UBS Group upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Macquarie upped their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, 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 research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.64.

Walt Disney Trading Up 0.9 %

NYSE:DIS opened at $120.98 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market cap of $221.91 billion, a P/E ratio of 74.68, a P/E/G ratio of 1.84 and a beta of 1.41. The firm has a 50-day simple moving average of $106.66 and a 200-day simple moving average of $94.34. The Walt Disney Company has a one year low of $78.73 and a one year high of $122.03.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. Walt Disney’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. Equities analysts anticipate 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. Shareholders of record on Monday, July 8th will be given 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 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.