Marino Stram & Associates LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Marino Stram & Associates LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,821 shares of the entertainment giant’s stock after selling 154 shares during the quarter. Marino Stram & Associates LLC’s holdings in Walt Disney were worth $706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. Markel Corp lifted its holdings in Walt Disney by 2.3% in the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after buying an additional 42,500 shares during the period. Fairfield Bush & CO. lifted its stake in shares of 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 purchasing an additional 320 shares during the period. United Bank lifted 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 purchasing an additional 794 shares during the period. AMI Investment Management Inc. lifted 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 purchasing an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp lifted 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 purchasing an additional 4,722 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DIS shares. Tigress Financial restated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. The Goldman Sachs Group lowered their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Guggenheim raised their price objective 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 raised their price objective 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 issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Stock Performance

Shares of DIS stock traded up $1.10 on Tuesday, reaching $114.05. The stock had a trading volume of 3,890,548 shares, compared to its average volume of 12,185,688. The stock has a market cap of $209.20 billion, a P/E ratio of 70.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. 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 company has a 50 day simple moving average of $113.30 and a 200 day simple moving average of $97.91.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The firm 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 company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Equities research analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid 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 (DPR) is currently 18.52%.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney 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 directly 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. 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.