Valley Brook Capital Group Inc. Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Valley Brook Capital Group Inc. lowered its holdings in The Walt Disney Company (NYSE:DIS) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,562 shares of the entertainment giant’s stock after selling 688 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Walt Disney were worth $863,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth $26,000. Fortis Group Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth approximately $30,000. Stone House Investment Management LLC grew its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the last quarter. Evolution Advisers Inc. increased its stake in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after purchasing an additional 105 shares during the period. Finally, Orion Capital Management LLC bought a new stake in Walt Disney during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $1.04 on Friday, hitting $113.66. 7,411,112 shares of the company traded hands, compared to its average volume of 7,776,801. 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 business has a 50-day simple moving average of $114.50 and a 200 day simple moving average of $100.81. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market capitalization of $208.49 billion, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued 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. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. Research analysts expect that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on DIS shares. Bank of America boosted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Rosenblatt Securities increased their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Macquarie lifted their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Tigress Financial reissued a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $125.08.

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.