TRUE Private Wealth Advisors Sells 177 Shares of The Walt Disney Company (NYSE:DIS)

TRUE Private Wealth Advisors lowered its stake in The Walt Disney Company (NYSE:DIS) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,762 shares of the entertainment giant’s stock after selling 177 shares during the period. TRUE Private Wealth Advisors’ holdings in Walt Disney were worth $430,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DIS. Dark Forest Capital Management LP acquired a new stake in Walt Disney in the first quarter worth about $28,000. Worth Asset Management LLC bought a new position in Walt Disney in the first quarter valued at approximately $29,000. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter valued at approximately $26,000. SkyView Investment Advisors LLC boosted its stake in Walt Disney by 172.6% in the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its stake in Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIS. Needham & Company LLC raised their price objective on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. The Goldman Sachs Group reduced their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Finally, Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $124.54.

Insider Transactions at Walt Disney

In other 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 transaction of $226,405.44. Following the completion of the sale, 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 insiders.

Walt Disney Stock Performance

NYSE DIS opened at $112.94 on Thursday. 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 company has a market capitalization of $207.17 billion, a P/E ratio of 69.72, a P/E/G ratio of 1.65 and a beta of 1.42. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a 50-day moving average price of $113.86 and a two-hundred day moving average price of $98.25.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that The Walt Disney Company will post 4.66 earnings per share 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 issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

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.