Sloy Dahl & Holst LLC Sells 968 Shares of The Walt Disney Company (NYSE:DIS)

Sloy Dahl & Holst LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 17.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,482 shares of the entertainment giant’s stock after selling 968 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Walt Disney were worth $405,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tyche Wealth Partners LLC bought a new stake in Walt Disney in the fourth quarter worth approximately $553,000. Avior Wealth Management LLC increased its holdings in Walt Disney by 2.0% in the fourth quarter. Avior Wealth Management LLC now owns 41,452 shares of the entertainment giant’s stock worth $3,734,000 after purchasing an additional 817 shares in the last quarter. Macroview Investment Management LLC increased its holdings in shares of Walt Disney by 43.1% during the fourth quarter. Macroview Investment Management LLC now owns 1,657 shares of the entertainment giant’s stock valued at $150,000 after acquiring an additional 499 shares in the last quarter. SVB Wealth LLC increased its holdings in shares of Walt Disney by 1.0% during the fourth quarter. SVB Wealth LLC now owns 39,853 shares of the entertainment giant’s stock valued at $3,598,000 after acquiring an additional 386 shares in the last quarter. Finally, Donaldson Capital Management LLC increased its holdings in shares of Walt Disney by 5.3% during the fourth quarter. Donaldson Capital Management LLC now owns 12,991 shares of the entertainment giant’s stock valued at $1,173,000 after acquiring an additional 654 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

DIS stock traded up $0.93 during midday trading on Wednesday, hitting $113.88. The company’s stock had a trading volume of 9,291,419 shares, compared to its average volume of 10,451,374. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average price is $113.59 and its 200 day moving average price is $98.14. The stock has a market cap of $208.89 billion, a price-to-earnings ratio of 70.30, a PEG ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast 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 given a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is presently 18.52%.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’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 approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DIS. The Goldman Sachs Group decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. UBS Group boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Argus lifted their target price on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

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.