The Walt Disney Company $DIS Shares Sold by Triavera Capital LLC

Triavera Capital LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 44.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,178 shares of the entertainment giant’s stock after selling 37,427 shares during the quarter. Walt Disney accounts for about 3.0% of Triavera Capital LLC’s investment portfolio, making the stock its 16th largest holding. Triavera Capital LLC’s holdings in Walt Disney were worth $5,727,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. IFG Advisory LLC raised its holdings in Walt Disney by 5.1% in the first quarter. IFG Advisory LLC now owns 4,511 shares of the entertainment giant’s stock valued at $445,000 after acquiring an additional 218 shares in the last quarter. Advyzon Investment Management LLC boosted its stake in Walt Disney by 18.1% during the 1st quarter. Advyzon Investment Management LLC now owns 2,781 shares of the entertainment giant’s stock valued at $275,000 after acquiring an additional 426 shares during the last quarter. Cary Street Partners Financial LLC boosted its stake in Walt Disney by 21.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 120,752 shares of the entertainment giant’s stock valued at $11,918,000 after acquiring an additional 21,514 shares during the last quarter. Finally, Horizon Family Wealth Inc. grew its holdings in Walt Disney by 4.1% during the 1st quarter. Horizon Family Wealth Inc. now owns 17,402 shares of the entertainment giant’s stock worth $1,718,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Monday. Jefferies Financial Group cut their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Arete Research raised Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Down 1.7%

Walt Disney stock opened at $104.97 on Wednesday. The firm has a market capitalization of $187.40 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.48 and a beta of 1.49. The company has a 50-day simple moving average of $110.11 and a 200-day simple moving average of $114.82. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.71.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a net margin of 13.14% and a return on equity of 9.37%. The firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period in the previous year, the business posted $1.14 EPS. Walt Disney’s revenue was down .5% on a year-over-year basis. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is 14.58%.

Walt Disney 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.