Leisure Capital Management Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Leisure Capital Management trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,346 shares of the entertainment giant’s stock after selling 2,879 shares during the period. Leisure Capital Management’s holdings in Walt Disney were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. Avitas Wealth Management LLC grew its stake in Walt Disney by 2.2% in the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the period. WNY Asset Management LLC grew its stake in Walt Disney by 32.8% in the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the period. Pathway Financial Advisors LLC grew its stake 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 acquiring an additional 141 shares during the period. Telos Capital Management Inc. grew its stake in Walt Disney by 1.7% in the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the period. Finally, Tempus Wealth Planning LLC grew its stake in Walt Disney by 4.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after acquiring an additional 546 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of 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 legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 0.0 %

Shares of DIS traded down $0.04 during midday trading on Friday, hitting $112.73. The company had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. The company’s 50 day moving average price is $114.18 and its 200 day moving average price is $99.66. The stock has a market cap of $206.78 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.39 and a beta of 1.42. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

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 the consensus estimate of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. On average, equities research analysts predict that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Raymond James lifted their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One 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 stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

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.