Taurus Asset Management LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

Taurus Asset Management LLC lowered its stake in The Walt Disney Company (NYSE:DISFree Report) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,208 shares of the entertainment giant’s stock after selling 1,448 shares during the quarter. Walt Disney accounts for 1.6% of Taurus Asset Management LLC’s portfolio, making the stock its 28th largest position. Taurus Asset Management LLC’s holdings in Walt Disney were worth $13,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dark Forest Capital Management LP bought a new stake in shares of Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC purchased a new position in Walt Disney in the first quarter worth about $29,000. GeoWealth Management LLC grew its stake in shares of Walt Disney by 136.9% during the 2nd quarter. GeoWealth Management LLC now owns 334 shares of the entertainment giant’s stock valued at $30,000 after purchasing an additional 193 shares during the period. MBM Wealth Consultants LLC increased its position in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in shares of Walt Disney during the 3rd quarter valued at about $39,000. Institutional investors own 61.17% of the company’s stock.

Walt Disney Stock Up 0.7 %

Shares of DIS stock opened at $109.19 on Monday. The stock has a market cap of $200.29 billion, a P/E ratio of 66.91, a PEG ratio of 1.80 and a beta of 1.39. The company’s fifty day simple moving average is $93.44 and its two-hundred day simple moving average is $88.33. 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 Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $112.77.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results 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 company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. Analysts predict that The Walt Disney Company will post 4.63 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The company 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 dividend of $0.45 per share. 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%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group cut their target price on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, October 16th. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday. Macquarie raised their target price on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday. Raymond James boosted their price target on Walt Disney from $93.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Needham & Company LLC raised Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Read Our Latest Stock Analysis on Walt Disney

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 18,788 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.99, for a total transaction of $1,747,096.12. Following the sale, the executive vice president now owns 33,586 shares of the company’s stock, valued at $3,123,162.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Brent Woodford sold 18,788 shares of Walt Disney stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $92.99, for a total value of $1,747,096.12. Following the completion of the transaction, the executive vice president now owns 33,586 shares in the company, valued at $3,123,162.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy Chang acquired 1,078 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were bought at an average price of $92.69 per share, for a total transaction of $99,919.82. Following the completion of the transaction, the director now owns 6,216 shares of the company’s stock, valued at $576,161.04. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

About Walt Disney

(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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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