The Walt Disney Company (NYSE:DIS) Stock Position Reduced by Yacktman Asset Management LP

Yacktman Asset Management LP decreased its stake in The Walt Disney Company (NYSE:DIS) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,648,856 shares of the entertainment giant’s stock after selling 12,686 shares during the quarter. Walt Disney makes up approximately 1.4% of Yacktman Asset Management LP’s holdings, making the stock its 28th largest position. Yacktman Asset Management LP’s holdings in Walt Disney were worth $148,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gradient Capital Advisors LLC increased its position in Walt Disney by 2.9% in the 4th quarter. Gradient Capital Advisors LLC now owns 3,975 shares of the entertainment giant’s stock worth $359,000 after purchasing an additional 111 shares during the last quarter. First Business Financial Services Inc. raised its position in Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after acquiring an additional 113 shares in the last quarter. Kelman Lazarov Inc. lifted its stake in Walt Disney by 3.4% in the fourth quarter. Kelman Lazarov Inc. now owns 3,583 shares of the entertainment giant’s stock valued at $324,000 after acquiring an additional 117 shares during the last quarter. CoreCap Advisors LLC grew its position in Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after acquiring an additional 118 shares in the last quarter. Finally, Bfsg LLC increased its stake in shares of Walt Disney by 3.2% during the 3rd quarter. Bfsg LLC now owns 3,894 shares of the entertainment giant’s stock worth $316,000 after purchasing an additional 121 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.47 during trading hours on Friday, reaching $112.30. The stock had a trading volume of 3,353,684 shares, compared to its average volume of 11,746,728. The company has a market cap of $205.99 billion, a price-to-earnings ratio of 69.32, a PEG ratio of 1.40 and a beta of 1.42. 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’s fifty day moving average is $114.16 and its two-hundred day moving average is $99.46. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Analysts Set New Price Targets

Several research firms recently issued reports on DIS. Raymond James lifted their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Evercore ISI upped their price target on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, Bank of America lifted their price target on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction 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 directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.