The Walt Disney Company (NYSE:DIS) Shares Sold by IAG Wealth Partners LLC

IAG Wealth Partners LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 31.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,459 shares of the entertainment giant’s stock after selling 680 shares during the period. IAG Wealth Partners LLC’s holdings in Walt Disney were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at approximately $30,000. Stone House Investment Management LLC raised its position in shares of 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 purchasing an additional 270 shares in the last quarter. Evolution Advisers Inc. raised its position in shares of Walt Disney by 38.2% in the 4th quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at approximately $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $135.00 in a research report on Monday, March 25th. Morgan Stanley upped their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Wells Fargo & Company upped their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Guggenheim upped their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Rosenblatt Securities upped their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Trading Down 0.0 %

NYSE:DIS opened at $112.73 on Friday. 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 stock has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42. The business has a fifty day moving average of $114.18 and a 200-day moving average of $99.76. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Equities analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current 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 18.52%.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated 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 approximately $536,448. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.