Investors Asset Management of Georgia Inc. GA ADV Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Investors Asset Management of Georgia Inc. GA ADV trimmed its position in shares of The Walt Disney Company (NYSE:DISFree Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,453 shares of the entertainment giant’s stock after selling 409 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Walt Disney were worth $1,089,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DIS. 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 purchased a new stake in Walt Disney during the first quarter worth about $29,000. SkyView Investment Advisors LLC increased its stake in shares of Walt Disney by 172.6% during the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock worth $78,000 after buying an additional 202 shares during the period. GeoWealth Management LLC boosted its stake in Walt Disney by 136.9% in the second quarter. GeoWealth Management LLC now owns 334 shares of the entertainment giant’s stock valued at $30,000 after acquiring an additional 193 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its position in Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 243 shares during the period. Institutional investors own 61.17% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares in the company, valued at $167,694.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now owns 1,861 shares in the company, valued at $167,694.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 18,788 shares of Walt Disney stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.99, for a total value of $1,747,096.12. Following the completion of the transaction, the executive vice president now owns 33,586 shares of the company’s stock, valued at approximately $3,123,162.14. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Rosenblatt Securities cut their price objective on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. UBS Group dropped their price objective on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, October 16th. Barclays boosted their price target on Walt Disney from $88.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company lifted their price target on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Check Out Our Latest Report on Walt Disney

Walt Disney Price Performance

Walt Disney stock traded up $0.90 on Monday, reaching $109.29. The company’s stock had a trading volume of 12,997,320 shares, compared to its average volume of 14,524,053. 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 Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $112.77. The company has a market cap of $200.47 billion, a price-to-earnings ratio of 67.43, a PEG ratio of 1.80 and a beta of 1.39. The business’s fifty day moving average price is $93.44 and its 200 day moving average price is $88.33.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’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 EPS. Equities analysts expect that The Walt Disney Company will post 4.63 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

About Walt Disney

(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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