Alpha Cubed Investments LLC Cuts Stake in The Walt Disney Company (NYSE:DIS)

Alpha Cubed Investments LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,781 shares of the entertainment giant’s stock after selling 569 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Walt Disney were worth $1,244,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Walt Disney by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 149,887,754 shares of the entertainment giant’s stock valued at $12,148,402,000 after acquiring an additional 994,575 shares in the last quarter. Morgan Stanley increased its holdings in Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after acquiring an additional 195,512 shares in the last quarter. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Northern Trust Corp increased its holdings in Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after acquiring an additional 2,384,407 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Walt Disney by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,776,815 shares of the entertainment giant’s stock valued at $1,683,961,000 after acquiring an additional 217,567 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIS. Evercore ISI raised their price target on shares of Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Macquarie raised their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. Needham & Company LLC raised their target price on shares of Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Trading Down 0.1 %

Shares of DIS stock opened at $111.00 on Wednesday. The stock has a market cap of $203.61 billion, a price-to-earnings ratio of 68.58, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42. 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm’s 50 day moving average price is $114.22 and its two-hundred day moving average price is $100.25.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating 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 net margin of 3.36% and a return on equity of 7.88%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. On average, analysts anticipate that The Walt Disney Company will post 4.67 EPS 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 paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Buying and Selling

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

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.