Stockman Wealth Management Inc. Has $348,000 Holdings in The Walt Disney Company (NYSE:DIS)

Stockman Wealth Management Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,851 shares of the entertainment giant’s stock after selling 310 shares during the period. Stockman Wealth Management Inc.’s holdings in Walt Disney were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DIS. Trian Fund Management L.P. grew its stake in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Walt Disney during the third quarter worth $326,171,000. International Assets Investment Management LLC grew its stake in Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after acquiring an additional 3,311,563 shares during the period. Loomis Sayles & Co. L P grew its stake in Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock valued at $1,168,444,000 after acquiring an additional 2,505,486 shares during the period. Finally, Northern Trust Corp grew its stake in Walt Disney by 10.6% in the third 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 during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.6 %

DIS traded down $0.62 on Monday, hitting $111.99. 6,866,123 shares of the company were exchanged, compared to its average volume of 12,038,354. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market cap of $205.42 billion, a PE ratio of 69.13, a PEG ratio of 1.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The stock’s fifty day moving average is $114.04 and its 200-day moving average is $99.05.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business 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 company posted $0.99 earnings per share. Walt Disney’s revenue was down .1% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently disclosed 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 is 18.52%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. Evercore ISI boosted their target price on Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Bank of America boosted their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group decreased their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Needham & Company LLC boosted their price target on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.