The Walt Disney Company (NYSE:DIS) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its stake in The Walt Disney Company (NYSE:DISFree Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,306 shares of the entertainment giant’s stock after selling 1,892 shares during the quarter. Hartford Investment Management Co.’s holdings in Walt Disney were worth $11,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Markel Corp increased its position in shares of Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares during the last quarter. Fairfield Bush & CO. grew its position in Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after acquiring an additional 320 shares in the last quarter. United Bank boosted its stake in shares of Walt Disney by 8.7% in the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after buying an additional 794 shares during the period. AMI Investment Management Inc. boosted its stake in shares of Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after buying an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Walt Disney by 0.6% in the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after buying an additional 4,722 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s 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 directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Walt Disney Stock Performance

NYSE:DIS traded down $0.79 during trading hours on Wednesday, reaching $122.03. 5,230,494 shares of the stock were exchanged, compared to its average volume of 12,438,238. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a 50 day simple moving average of $109.57 and a 200-day simple moving average of $95.68. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market capitalization of $223.84 billion, a P/E ratio of 75.36, a P/E/G ratio of 1.86 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm 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 is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DIS shares. Raymond James lifted their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. UBS Group boosted 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, March 27th. Needham & Company LLC lifted their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $135.00 in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $122.13.

Get Our Latest Analysis on Walt Disney

Walt Disney Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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