Sonia L. Coleman Sells 1,857 Shares of The Walt Disney Company (NYSE:DIS) Stock

The Walt Disney Company (NYSE:DISGet Free Report) EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Walt Disney Stock Performance

NYSE DIS opened at $118.98 on Thursday. The company’s 50 day moving average is $109.57 and its 200-day moving average is $95.68. The Walt Disney Company has a 12-month low of $78.73 and a 12-month 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. The firm has a market cap of $218.25 billion, a P/E ratio of 75.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that The Walt Disney Company will post 4.67 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently declared 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 is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Institutional Trading of Walt Disney

Several hedge funds and other institutional investors have recently modified their holdings of DIS. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after buying an additional 23,644,765 shares in the last quarter. Norges Bank purchased a new position in Walt Disney in the 4th quarter worth approximately $1,938,647,000. Morgan Stanley grew its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Finally, ValueAct Holdings L.P. purchased a new position in Walt Disney in the 4th quarter worth approximately $459,245,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Rosenblatt Securities raised their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America raised their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $135.00 in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $122.13.

Read Our Latest Research Report on DIS

About Walt Disney

(Get Free Report)

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.

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