The Walt Disney Company (NYSE:DIS) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lessened its holdings in The Walt Disney Company (NYSE:DISFree Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,068 shares of the entertainment giant’s stock after selling 809 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Walt Disney were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. WNY Asset Management LLC lifted its holdings in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after purchasing an additional 2,304 shares during the period. Silvia Mccoll Wealth Management LLC raised its position in Walt Disney by 4.2% during the second quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock valued at $361,000 after acquiring an additional 164 shares in the last quarter. Pathway Financial Advisors LLC raised its position in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after acquiring an additional 141 shares in the last quarter. Tempus Wealth Planning LLC raised its position in Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after acquiring an additional 546 shares in the last quarter. Finally, DCM Advisors LLC raised its position in Walt Disney by 0.3% during the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock valued at $6,604,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research report on Monday. Macquarie boosted their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Needham & Company LLC boosted their price objective on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. The Goldman Sachs Group dropped their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.96.

View Our Latest Analysis on Walt Disney

Walt Disney Stock Down 0.0 %

NYSE DIS traded down $0.06 during trading hours on Tuesday, hitting $121.47. 4,809,600 shares of the company were exchanged, compared to its average volume of 12,383,408. The company has a 50 day moving average of $108.99 and a two-hundred day moving average of $95.42. 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 $123.74. The firm has a market cap of $222.81 billion, a price-to-earnings ratio of 74.52, a PEG ratio of 1.88 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating 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 business posted $0.99 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is currently 18.52%.

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.

Further Reading

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

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