The Walt Disney Company (NYSE:DIS) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,258 shares of the entertainment giant’s stock after selling 362 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Walt Disney were worth $475,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Avitas Wealth Management LLC boosted its holdings in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after buying an additional 238 shares in the last quarter. WNY Asset Management LLC grew its position in shares of Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock valued at $756,000 after acquiring an additional 2,304 shares during the period. Pathway Financial Advisors LLC raised its holdings in Walt Disney by 4.9% in the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after purchasing an additional 141 shares during the period. Telos Capital Management Inc. boosted its position in Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Tempus Wealth Planning LLC grew its holdings in Walt Disney by 4.5% in the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after purchasing an additional 546 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 2.7 %

NYSE:DIS traded up $3.03 during midday trading on Monday, reaching $116.69. The company had a trading volume of 12,025,112 shares, compared to its average volume of 11,517,162. The stock’s fifty day simple moving average is $114.50 and its 200-day simple moving average is $100.81. 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 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market capitalization of $214.05 billion, a price-to-earnings ratio of 71.93, a PEG ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released 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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.7 earnings per share 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. The Goldman Sachs Group decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Loop Capital boosted their price objective on Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley raised their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $127.17.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

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.