The Walt Disney Company (NYSE:DIS) Shares Sold by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 38.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,894 shares of the entertainment giant’s stock after selling 2,432 shares during the period. Prosperity Wealth Management Inc.’s holdings in Walt Disney were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Planned Solutions Inc. bought a new stake in shares of Walt Disney during the 4th quarter valued at about $26,000. Dark Forest Capital Management LP acquired a new position in Walt Disney in the first quarter valued at approximately $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth approximately $30,000. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock traded up $0.93 on Wednesday, hitting $113.88. 9,291,419 shares of the company’s stock traded hands, compared to its average volume of 10,451,374. The stock has a market cap of $208.89 billion, a price-to-earnings ratio of 70.30, a P/E/G ratio of 1.64 and a beta of 1.42. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. 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 stock has a fifty day moving average of $113.59 and a 200-day moving average of $98.14.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, analysts forecast that The Walt Disney Company will post 4.66 EPS for the current fiscal 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 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%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DIS shares. Needham & Company LLC increased their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. UBS Group lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Wells Fargo & Company upped their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Rosenblatt Securities lifted their price target on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. One equities research 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly 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 available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.