Raymond James & Associates Lowers Position in The Walt Disney Company (NYSE:DIS)

Raymond James & Associates lessened its stake in The Walt Disney Company (NYSE:DIS) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,122,450 shares of the entertainment giant’s stock after selling 62,379 shares during the quarter. Raymond James & Associates owned approximately 0.12% of Walt Disney worth $191,636,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rheos Capital Works Inc. increased its position in Walt Disney by 8.7% in the fourth quarter. Rheos Capital Works Inc. now owns 124,500 shares of the entertainment giant’s stock worth $11,241,000 after purchasing an additional 10,000 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its position in Walt Disney by 0.8% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 59,512 shares of the entertainment giant’s stock valued at $5,373,000 after acquiring an additional 488 shares during the last quarter. First Financial Corp IN increased its position in Walt Disney by 3.9% during the fourth quarter. First Financial Corp IN now owns 5,321 shares of the entertainment giant’s stock valued at $480,000 after acquiring an additional 200 shares during the last quarter. Richelieu Gestion SA increased its position in Walt Disney by 41.0% during the fourth quarter. Richelieu Gestion SA now owns 48,424 shares of the entertainment giant’s stock valued at $4,372,000 after acquiring an additional 14,090 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Walt Disney by 6.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 2,288 shares of the entertainment giant’s stock valued at $207,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $115.87 on Monday. The company’s 50 day moving average is $105.54 and its 200 day moving average is $93.80. 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 company has a market cap of $212.54 billion, a PE ratio of 71.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.41. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $117.66.

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 analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.99 EPS. On average, sell-side analysts forecast that The Walt Disney Company will post 4.62 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued 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 presently 18.52%.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Rosenblatt Securities cut their price objective on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. The Goldman Sachs Group cut their price target 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. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.23.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 898 shares of Walt Disney 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 transaction, the executive vice president now owns 1,861 shares in the company, valued at approximately $167,694.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Company Profile

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.