Cora Capital Advisors LLC Lowers Stake in The Walt Disney Company (NYSE:DIS)

Cora Capital Advisors LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 18.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,096 shares of the entertainment giant’s stock after selling 715 shares during the period. Cora Capital Advisors LLC’s holdings in Walt Disney were worth $280,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new position in Walt Disney during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC purchased a new position in Walt Disney in the third quarter worth about $30,000. Stone House Investment Management LLC raised its holdings 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 buying an additional 270 shares during the last quarter. Evolution Advisers Inc. raised its holdings in Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after buying an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new position in Walt Disney in the third quarter worth about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Guggenheim boosted 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 3rd. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $135.00 in a report on Monday, March 25th. Evercore ISI boosted their target price on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Trading Down 0.0 %

Shares of DIS traded down $0.04 during midday trading on Friday, hitting $112.73. The stock had a trading volume of 6,304,843 shares, compared to its average volume of 9,049,604. 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 $206.78 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. 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 stock’s 50 day moving average is $114.18 and its 200 day moving average is $99.86.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, analysts forecast 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. Stockholders 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 payout ratio is presently 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.