SYM FINANCIAL Corp Sells 788 Shares of The Walt Disney Company (NYSE:DIS)

SYM FINANCIAL Corp trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 22.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,774 shares of the entertainment giant’s stock after selling 788 shares during the quarter. SYM FINANCIAL Corp’s holdings in Walt Disney were worth $250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new stake in Walt Disney in the fourth quarter worth $26,000. Fortis Group Advisors LLC purchased a new stake in Walt Disney in the 3rd quarter worth about $30,000. Stone House Investment Management LLC boosted its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the period. Evolution Advisers Inc. grew its stake in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Walt Disney in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DIS shares. The Goldman Sachs Group lowered their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Evercore ISI increased their price objective on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Raymond James lifted their target price on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley upped their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Stock Performance

Shares of DIS traded up $1.04 during mid-day trading on Friday, reaching $113.66. The company had a trading volume of 7,411,112 shares, compared to its average volume of 7,776,801. The stock has a 50 day moving average of $114.50 and a two-hundred day moving average of $100.60. 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 stock has a market capitalization of $208.49 billion, a P/E ratio of 70.16, a PEG ratio of 1.38 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter last year, the company earned $0.99 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.67 earnings per share 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. 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 is Monday, July 8th. Walt Disney’s payout ratio is currently 55.56%.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the 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 transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Walt Disney Company 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.