CV Advisors LLC Sells 8,651 Shares of The Walt Disney Company (NYSE:DIS)

CV Advisors LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 55.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,020 shares of the entertainment giant’s stock after selling 8,651 shares during the quarter. Walt Disney comprises 0.4% of CV Advisors LLC’s portfolio, making the stock its 15th largest holding. CV Advisors LLC’s holdings in Walt Disney were worth $634,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DIS. Parkside Financial Bank & Trust lifted its stake in Walt Disney by 24.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,130 shares of the entertainment giant’s stock valued at $553,000 after acquiring an additional 1,202 shares during the period. SlateStone Wealth LLC boosted its position in shares of Walt Disney by 13.3% during the 4th quarter. SlateStone Wealth LLC now owns 42,600 shares of the entertainment giant’s stock valued at $3,846,000 after acquiring an additional 4,990 shares during the last quarter. Lesa Sroufe & Co acquired a new position in Walt Disney in the fourth quarter valued at about $201,000. Marks Group Wealth Management Inc lifted its position in Walt Disney by 19.9% in the fourth quarter. Marks Group Wealth Management Inc now owns 6,014 shares of the entertainment giant’s stock valued at $543,000 after buying an additional 1,000 shares during the last quarter. Finally, Roble Belko & Company Inc lifted its position in shares of Walt Disney by 1,121.5% during the fourth quarter. Roble Belko & Company Inc now owns 1,307 shares of the entertainment giant’s stock worth $118,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was 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 approximately $536,448. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on DIS shares. Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Raymond James raised their price target on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Argus lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Guggenheim lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Performance

NYSE:DIS traded up $1.72 on Tuesday, hitting $113.71. The company’s stock had a trading volume of 6,571,442 shares, compared to its average volume of 11,951,736. The firm has a market capitalization of $208.58 billion, a P/E ratio of 69.95, a price-to-earnings-growth ratio of 1.38 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 Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The stock has a fifty day moving average of $114.04 and a two-hundred day moving average of $99.05.

Walt Disney (NYSE:DIS) last announced its 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. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. Research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given 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 currently 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.