Octavia Wealth Advisors LLC Sells 165 Shares of The Walt Disney Company (NYSE:DIS)

Octavia Wealth Advisors LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,821 shares of the entertainment giant’s stock after selling 165 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Walt Disney were worth $980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Avitas Wealth Management LLC boosted its position in Walt Disney by 2.2% in the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock valued at $997,000 after buying an additional 238 shares in the last quarter. WNY Asset Management LLC increased its holdings in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after purchasing an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC raised its position in Walt Disney by 4.9% in the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares during the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after purchasing an additional 546 shares in the last quarter. Finally, Stelac Advisory Services LLC grew its holdings in shares of Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after purchasing an additional 4,915 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on DIS shares. Rosenblatt Securities lifted their target price on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Argus increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI boosted their price target on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Macquarie boosted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Walt Disney Stock Performance

Shares of DIS stock traded up $0.93 during trading on Tuesday, reaching $113.88. 4,025,983 shares of the company’s stock traded hands, compared to its average volume of 12,190,677. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $208.89 billion, a P/E ratio of 70.14, a PEG ratio of 1.65 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $113.30 and its 200 day moving average is $97.91.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a dividend of $0.45 per share. This represents a 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 Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value 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 SEC, which can be accessed through the SEC website. 0.10% of the stock is 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.