McAdam LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

McAdam LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,696 shares of the entertainment giant’s stock after selling 187 shares during the period. McAdam LLC’s holdings in Walt Disney were worth $334,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brookstone Capital Management boosted its position in Walt Disney by 15.7% during the third quarter. Brookstone Capital Management now owns 88,880 shares of the entertainment giant’s stock worth $7,399,000 after acquiring an additional 12,038 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Walt Disney by 0.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,053,911 shares of the entertainment giant’s stock worth $85,419,000 after purchasing an additional 5,134 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of Walt Disney by 1.7% during the 3rd quarter. FAS Wealth Partners Inc. now owns 16,912 shares of the entertainment giant’s stock worth $1,371,000 after purchasing an additional 285 shares during the last quarter. RMR Wealth Builders grew its position in shares of Walt Disney by 46.7% in the third quarter. RMR Wealth Builders now owns 13,643 shares of the entertainment giant’s stock valued at $1,106,000 after purchasing an additional 4,344 shares in the last quarter. Finally, Cumberland Advisors Inc. increased its holdings in shares of Walt Disney by 1.4% in the third quarter. Cumberland Advisors Inc. now owns 14,350 shares of the entertainment giant’s stock valued at $1,163,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DIS shares. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Argus raised their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group reduced their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Raymond James increased their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $112.06 on Tuesday. The business has a 50-day simple moving average of $114.19 and a 200-day simple moving average of $100.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a market cap of $205.56 billion, a PE ratio of 69.17, a P/E/G ratio of 1.39 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was down .1% on a year-over-year basis. On average, equities research 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 declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. 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 presently 18.52%.

Walt Disney Company Profile

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.