Roman Butler Fullerton & Co. Sells 1,016 Shares of The Walt Disney Company (NYSE:DIS)

Roman Butler Fullerton & Co. lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,252 shares of the entertainment giant’s stock after selling 1,016 shares during the period. Roman Butler Fullerton & Co.’s holdings in Walt Disney were worth $405,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Planned Solutions Inc. bought a new stake in Walt Disney in the fourth quarter valued at $26,000. Dark Forest Capital Management LP bought a new stake in Walt Disney in the first quarter valued at $28,000. Worth Asset Management LLC bought a new stake in Walt Disney in the first quarter valued at $29,000. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter valued at $30,000. Finally, Stone House Investment Management LLC increased its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.5 %

DIS opened at $112.43 on Friday. 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 has a market cap of $206.23 billion, a price-to-earnings ratio of 69.40, a PEG ratio of 1.64 and a beta of 1.42. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The company’s 50-day moving average price is $113.90 and its two-hundred day moving average price is $98.35.

Walt Disney (NYSE:DIS) last released its 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 firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm 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 $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Evercore ISI lifted their price objective on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Macquarie lifted their price objective 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. Finally, Tigress Financial reiterated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.