Parisi Gray Wealth Management Cuts Position in The Walt Disney Company (NYSE:DIS)

Parisi Gray Wealth Management decreased its holdings in The Walt Disney Company (NYSE:DIS) by 8.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,783 shares of the entertainment giant’s stock after selling 618 shares during the period. Parisi Gray Wealth Management’s holdings in Walt Disney were worth $612,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Compton Capital Management Inc. RI raised its stake in shares of Walt Disney by 0.5% during the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after purchasing an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after purchasing an additional 100 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Walt Disney by 1.9% during the first quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after purchasing an additional 106 shares in the last quarter. Apexium Financial LP raised its position in Walt Disney by 1.3% in the second quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock worth $790,000 after acquiring an additional 113 shares in the last quarter. Finally, First Business Financial Services Inc. raised its position in Walt Disney by 0.7% in the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction 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 approximately $167,694.71. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

NYSE DIS traded up $2.51 during midday trading on Thursday, hitting $123.49. The company had a trading volume of 2,213,254 shares, compared to its average volume of 12,352,960. The company has a market capitalization of $226.52 billion, a PE ratio of 74.68, a P/E/G ratio of 1.84 and a beta of 1.41. 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 firm has a 50-day moving average price of $106.66 and a 200-day moving average price of $94.34. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.49.

Walt Disney (NYSE:DIS) last announced 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 during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. As a group, analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm 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. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s dividend payout ratio is currently 18.52%.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Tigress Financial restated a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $95.00 to $135.00 in a research note on Monday. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, UBS Group lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.64.

About Walt Disney

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.