Flossbach Von Storch AG Sells 149,637 Shares of The Walt Disney Company (NYSE:DIS)

Flossbach Von Storch AG reduced its position in The Walt Disney Company (NYSE:DIS) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,737 shares of the entertainment giant’s stock after selling 149,637 shares during the period. Flossbach Von Storch AG’s holdings in Walt Disney were worth $32,661,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DIS. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Walt Disney by 71.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,147 shares of the entertainment giant’s stock valued at $375,000 after buying an additional 1,729 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Walt Disney by 22.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 285,618 shares of the entertainment giant’s stock valued at $25,788,000 after acquiring an additional 52,450 shares in the last quarter. Stone House Investment Management LLC grew its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Telos Capital Management Inc. grew its stake in Walt Disney by 1.7% in the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after purchasing an additional 1,236 shares during the period. Finally, KLCM Advisors Inc. grew its stake in Walt Disney by 90.4% in the fourth quarter. KLCM Advisors Inc. now owns 171,075 shares of the entertainment giant’s stock worth $15,446,000 after purchasing an additional 81,227 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Morgan Stanley raised their price target on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Needham & Company LLC lifted their target price on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Company raised their price target on Walt Disney from $115.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Walt Disney Stock Performance

DIS stock traded down $0.94 during trading on Wednesday, hitting $112.94. The company had a trading volume of 6,981,472 shares, compared to its average volume of 12,198,056. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $113.86 and a 200-day moving average price of $98.25. 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 cap of $207.17 billion, a PE ratio of 69.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. This represents a dividend 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%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’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 transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.