Family Legacy Inc. Sells 1,297 Shares of The Walt Disney Company (NYSE:DIS)

Family Legacy Inc. lessened its position in The Walt Disney Company (NYSE:DIS) by 8.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,255 shares of the entertainment giant’s stock after selling 1,297 shares during the period. Family Legacy Inc.’s holdings in Walt Disney were worth $1,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new position in shares of Walt Disney during the first quarter valued at $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney in the first quarter worth approximately $29,000. SkyView Investment Advisors LLC raised its holdings in Walt Disney by 172.6% during the second quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares during the period. MBM Wealth Consultants LLC lifted its holdings in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the third quarter worth $30,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.60 during trading on Tuesday, hitting $119.96. The stock had a trading volume of 11,848,768 shares, compared to its average volume of 12,561,147. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $120.40. The firm has a market cap of $220.04 billion, a P/E ratio of 74.05, a PEG ratio of 1.79 and a beta of 1.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The business has a fifty day moving average of $106.12 and a two-hundred day moving average of $94.07.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post 4.62 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be given 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 presently 55.56%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Rosenblatt Securities decreased their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Wells Fargo & Company upped their price target on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $135.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.27.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate 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.