NTV Asset Management LLC Sells 370 Shares of The Walt Disney Company (NYSE:DIS)

NTV Asset Management LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,802 shares of the entertainment giant’s stock after selling 370 shares during the period. NTV Asset Management LLC’s holdings in Walt Disney were worth $1,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Connecticut Wealth Management LLC boosted its stake in shares of Walt Disney by 4.6% during the fourth quarter. Connecticut Wealth Management LLC now owns 10,126 shares of the entertainment giant’s stock valued at $914,000 after purchasing an additional 446 shares during the period. Avalon Trust Co boosted its stake in shares of Walt Disney by 20.3% during the fourth quarter. Avalon Trust Co now owns 111,698 shares of the entertainment giant’s stock valued at $10,085,000 after purchasing an additional 18,827 shares during the period. Forte Capital LLC ADV boosted its stake in shares of Walt Disney by 1.3% during the fourth quarter. Forte Capital LLC ADV now owns 9,963 shares of the entertainment giant’s stock valued at $900,000 after purchasing an additional 125 shares during the period. Royal Fund Management LLC lifted its stake in Walt Disney by 2.4% in the fourth quarter. Royal Fund Management LLC now owns 4,880 shares of the entertainment giant’s stock worth $441,000 after acquiring an additional 113 shares during the period. Finally, AJOVista LLC purchased a new stake in Walt Disney in the fourth quarter worth $214,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Rosenblatt Securities raised their price target on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC raised their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Performance

NYSE DIS traded up $1.04 during trading hours on Friday, hitting $113.66. The company’s stock had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company’s 50 day simple moving average is $114.50 and its two-hundred day simple moving average is $100.60. The company has a market cap of $208.49 billion, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

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 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 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 company earned $0.99 EPS. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 4.67 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. Investors of record on Monday, July 8th will be issued 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 payout ratio is 55.56%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is 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.