Knuff & Co LLC Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Knuff & Co LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,857 shares of the entertainment giant’s stock after selling 335 shares during the period. Knuff & Co LLC’s holdings in Walt Disney were worth $2,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Avitas Wealth Management LLC raised its holdings in shares of Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares in the last quarter. WNY Asset Management LLC raised its stake in Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after purchasing an additional 2,304 shares in the last quarter. Pathway Financial Advisors LLC lifted its position in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after purchasing an additional 141 shares during the last quarter. Telos Capital Management Inc. grew its stake in shares of Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares in the last quarter. Finally, Tempus Wealth Planning LLC increased its holdings in shares of Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after buying an additional 546 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DIS shares. Bank of America lifted their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Wells Fargo & Company raised their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Argus boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Rosenblatt Securities raised their target price on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Up 0.9 %

Shares of DIS traded up $1.04 during trading hours on Friday, hitting $113.66. The company had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company’s fifty day moving average price is $114.50 and its two-hundred day moving average price is $100.60. The company has a market capitalization of $208.49 billion, a PE ratio of 70.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which is accessible 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.