Zurcher Kantonalbank Zurich Cantonalbank Sells 411,025 Shares of The Walt Disney Company (NYSE:DIS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in The Walt Disney Company (NYSE:DIS) by 51.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 387,441 shares of the entertainment giant’s stock after selling 411,025 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Walt Disney were worth $34,982,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DIS. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter worth $26,000. Dark Forest Capital Management LP bought a new position in shares of Walt Disney during the 1st quarter valued at about $28,000. Worth Asset Management LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $29,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at about $30,000. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $113.89 on Wednesday. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The firm has a market capitalization of $208.91 billion, a P/E ratio of 70.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The company’s 50-day moving average is $113.59 and its 200 day moving average is $98.14.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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 the consensus estimate 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 firm posted $0.99 earnings per share. Research analysts forecast that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

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

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DIS. Argus increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $135.00 in a report on Monday, March 25th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Bank of America upped their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney 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.