Waterfront Wealth Inc. Sells 515 Shares of The Walt Disney Company (NYSE:DIS)

Waterfront Wealth Inc. lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,007 shares of the entertainment giant’s stock after selling 515 shares during the quarter. Waterfront Wealth Inc.’s holdings in Walt Disney were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Planned Solutions Inc. bought a new position in shares of Walt Disney during the 4th quarter worth $26,000. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney in the first quarter worth about $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the first quarter valued at approximately $29,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter worth approximately $30,000. Finally, Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of a number of analyst reports. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. UBS Group upped their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Wells Fargo & Company raised their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. The Goldman Sachs Group decreased their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

DIS stock traded up $0.08 during midday trading on Thursday, hitting $113.02. The company’s stock had a trading volume of 684,733 shares, compared to its average volume of 12,042,572. 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 Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a 50 day moving average of $113.86 and a two-hundred day moving average of $98.25. The firm has a market capitalization of $207.31 billion, a price-to-earnings ratio of 69.72, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company 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. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 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.