Steel Grove Capital Advisors LLC Has $228,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Steel Grove Capital Advisors LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,524 shares of the entertainment giant’s stock after selling 579 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Walt Disney were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. WNY Asset Management LLC increased its holdings in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares in the last quarter. Silvia Mccoll Wealth Management LLC grew its holdings in Walt Disney by 4.2% during the 2nd quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock worth $361,000 after acquiring an additional 164 shares during the last quarter. Pathway Financial Advisors LLC raised its stake in shares of Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the last quarter. Tempus Wealth Planning LLC grew its stake 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 valued at $1,031,000 after purchasing an additional 546 shares during the last quarter. Finally, DCM Advisors LLC boosted its position in Walt Disney by 0.3% in the 2nd quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock valued at $6,604,000 after buying an additional 198 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

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

Walt Disney Stock Performance

NYSE DIS traded up $1.42 on Thursday, reaching $122.40. The stock had a trading volume of 9,770,715 shares, compared to its average volume of 12,480,050. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. 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 company has a market cap of $224.52 billion, a P/E ratio of 75.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The firm has a fifty day moving average of $106.66 and a two-hundred day moving average of $94.34.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders 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 dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group dropped their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Macquarie increased their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Finally, UBS Group increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.77.

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.