Valley National Advisers Inc. Sells 266 Shares of The Walt Disney Company (NYSE:DIS)

Valley National Advisers Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,226 shares of the entertainment giant’s stock after selling 266 shares during the quarter. Valley National Advisers Inc.’s holdings in Walt Disney were worth $562,000 at the end of the most recent reporting period.

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

Walt Disney Price Performance

Shares of DIS stock opened at $117.36 on Tuesday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a market capitalization of $215.27 billion, a price-to-earnings ratio of 72.44, a PEG ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The stock’s 50-day simple moving average is $111.39 and its 200-day simple moving average is $96.67.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The firm 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%. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, Macquarie lifted their price objective 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. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.00.

About Walt Disney

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.