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

Parisi Gray Wealth Management decreased its position in The Walt Disney Company (NYSE:DIS) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 quarter.

Several other hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $28,000. Worth Asset Management LLC purchased a new position in Walt Disney in the 1st quarter valued at approximately $29,000. Planned Solutions Inc. purchased a new position in Walt Disney in the 4th quarter valued at approximately $26,000. SkyView Investment Advisors LLC boosted its position in Walt Disney by 172.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after buying an additional 202 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares during the period. 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 that occurred 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DIS has been the subject of several recent research reports. Macquarie raised their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $135.00 in a research report on Monday. Raymond James lifted their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, 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 research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $116.64.

Walt Disney Price Performance

Shares of NYSE DIS traded up $2.51 on Thursday, hitting $123.49. The company’s stock had a trading volume of 2,213,254 shares, compared to its average volume of 12,352,960. The stock has a 50 day moving average of $106.66 and a 200-day moving average of $94.34. 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 company has a market capitalization of $226.52 billion, a price-to-earnings ratio of 74.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.49.

Walt Disney (NYSE:DIS) last posted 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 business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 4.66 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. 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 dividend payout ratio (DPR) is 18.52%.

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.