Sei Investments Co. Reduces Position in The Walt Disney Company (NYSE:DIS)

Sei Investments Co. lessened its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 13.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 431,678 shares of the entertainment giant’s stock after selling 67,590 shares during the quarter. Sei Investments Co.’s holdings in Walt Disney were worth $34,988,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Trian Fund Management L.P. lifted its stake in Walt Disney by 411.6% in the third 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 boosted its holdings in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after buying an additional 23,644,765 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter valued at $1,433,075,000. Morgan Stanley boosted its holdings in shares of Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney during the 3rd quarter valued at $326,171,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the sale, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares in the company, valued at $167,694.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brent Woodford sold 18,788 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.99, for a total value of $1,747,096.12. Following the completion of the sale, the executive vice president now owns 33,586 shares of the company’s stock, valued at $3,123,162.14. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James lifted their price target on Walt Disney from $93.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Tigress Financial reaffirmed a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research report on Wednesday, February 21st. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company lifted their price target on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, StockNews.com raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $112.23.

Check Out Our Latest Research Report on DIS

Walt Disney Price Performance

DIS opened at $110.18 on Friday. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $115.19. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $100.46 and its 200-day simple moving average is $91.36. The company has a market capitalization of $202.10 billion, a price-to-earnings ratio of 68.01, a PEG ratio of 1.71 and a beta of 1.41.

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, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 4.61 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given 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 currently 18.52%.

Walt Disney Profile

(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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