Sage Mountain Advisors LLC Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Sage Mountain Advisors LLC lifted its stake in The Walt Disney Company (NYSE:DIS) by 41.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,900 shares of the entertainment giant’s stock after purchasing an additional 1,143 shares during the period. Sage Mountain Advisors LLC’s holdings in Walt Disney were worth $352,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Gradient Capital Advisors LLC raised its holdings in shares of Walt Disney by 2.9% in the fourth quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after buying an additional 111 shares during the last quarter. First Business Financial Services Inc. increased its holdings in shares of Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares during the period. Kelman Lazarov Inc. boosted its position in Walt Disney by 3.4% in the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock valued at $324,000 after buying an additional 117 shares during the last quarter. CoreCap Advisors LLC increased its holdings in Walt Disney by 0.5% in the 4th quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after buying an additional 118 shares during the period. Finally, Bfsg LLC lifted its stake in Walt Disney by 3.2% during the 3rd quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock valued at $316,000 after acquiring an additional 121 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.6 %

Shares of DIS stock opened at $111.99 on Tuesday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a market capitalization of $205.42 billion, a P/E ratio of 69.13, a PEG ratio of 1.38 and a beta of 1.42. The stock’s fifty day moving average is $114.04 and its two-hundred day moving average is $99.05. 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 posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $23.71 billion. During the same period last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 4.66 earnings per share 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. Stockholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Rosenblatt Securities upped their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. UBS Group lifted 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. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

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.