High Note Wealth LLC Sells 123 Shares of The Walt Disney Company (NYSE:DIS)

High Note Wealth LLC reduced its holdings in The Walt Disney Company (NYSE:DIS) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,722 shares of the entertainment giant’s stock after selling 123 shares during the quarter. High Note Wealth LLC’s holdings in Walt Disney were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DIS. Compton Capital Management Inc. RI boosted its stake in Walt Disney by 0.5% in 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 acquiring an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC lifted 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 worth $490,000 after buying an additional 100 shares during the period. Linscomb & Williams Inc. lifted 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 worth $766,000 after buying an additional 106 shares during the period. Apexium Financial LP lifted its stake in shares of Walt Disney by 1.3% during the second quarter. Apexium Financial LP now owns 8,851 shares of the entertainment giant’s stock worth $790,000 after buying an additional 113 shares during the period. Finally, First Business Financial Services Inc. lifted its stake in shares of Walt Disney by 0.7% during the third quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 113 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Macquarie lifted their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft reduced their target price 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. The Goldman Sachs Group reduced their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Needham & Company LLC raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, February 8th. Finally, Rosenblatt Securities reduced their target price on shares of Walt Disney from $114.00 to $112.00 and set a “buy” rating for the company in a report on Friday, December 22nd. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.64.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the completion of the transaction, the executive vice president now directly owns 1,861 shares in the company, valued at $167,694.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

Shares of DIS opened at $120.98 on Thursday. 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 stock has a market cap of $221.91 billion, a P/E ratio of 74.68, a PEG ratio of 1.84 and a beta of 1.41. The company has a 50-day moving average of $106.66 and a two-hundred day moving average of $94.34. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $122.03.

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. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, research analysts predict that The Walt Disney Company will post 4.66 EPS for the current fiscal 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 is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

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.