Twelve Points Wealth Management LLC Sells 1,216 Shares of The Walt Disney Company (NYSE:DIS)

Twelve Points Wealth Management LLC decreased its holdings in The Walt Disney Company (NYSE:DISFree Report) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,498 shares of the entertainment giant’s stock after selling 1,216 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Walt Disney were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Revolve Wealth Partners LLC lifted its holdings in Walt Disney by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,718 shares of the entertainment giant’s stock valued at $426,000 after buying an additional 559 shares during the period. CX Institutional lifted its holdings in Walt Disney by 131.4% in the fourth quarter. CX Institutional now owns 7,785 shares of the entertainment giant’s stock valued at $703,000 after buying an additional 4,420 shares during the period. Rockline Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter valued at $244,000. Diversified Investment Strategies LLC lifted its holdings in Walt Disney by 12.8% in the fourth quarter. Diversified Investment Strategies LLC now owns 35,956 shares of the entertainment giant’s stock valued at $3,246,000 after buying an additional 4,080 shares during the period. Finally, Scharf Investments LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $95,482,000. Institutional investors own 61.17% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Rosenblatt Securities lowered their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Barclays upped their target price on shares of Walt Disney from $88.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Tigress Financial restated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $112.23.

Read Our Latest Report on Walt Disney

Insider Activity

In related news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $115.85 on Friday. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The stock has a market capitalization of $212.50 billion, a PE ratio of 71.51, a P/E/G ratio of 1.81 and a beta of 1.41. The company’s 50 day simple moving average is $105.03 and its two-hundred day simple moving average is $93.38.

Walt Disney (NYSE:DISGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. Analysts predict that The Walt Disney Company will post 4.62 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. Stockholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Walt Disney Company 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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