Mackenzie Financial Corp Sells 8,317 Shares of The Walt Disney Company (NYSE:DIS)

Mackenzie Financial Corp trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 223,564 shares of the entertainment giant’s stock after selling 8,317 shares during the quarter. Mackenzie Financial Corp’s holdings in Walt Disney were worth $20,186,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DIS. Carolinas Wealth Consulting LLC boosted its position in shares of Walt Disney by 2.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after acquiring an additional 100 shares during the period. Compton Capital Management Inc. RI lifted its stake in Walt Disney by 0.5% in the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock worth $2,838,000 after purchasing an additional 100 shares in the last quarter. Linscomb & Williams Inc. grew its position in shares of Walt Disney by 1.9% during the 1st quarter. Linscomb & Williams Inc. now owns 5,582 shares of the entertainment giant’s stock valued at $766,000 after purchasing an additional 106 shares in the last quarter. First Business Financial Services Inc. grew its position in shares of Walt Disney by 0.7% during the 3rd quarter. First Business Financial Services Inc. now owns 16,514 shares of the entertainment giant’s stock valued at $1,338,000 after purchasing an additional 113 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Walt Disney by 0.5% in the fourth quarter. CoreCap Advisors LLC now owns 24,096 shares of the entertainment giant’s stock worth $2,176,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $112.43 on Friday. 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 Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The business has a 50 day moving average price of $113.90 and a 200-day moving average price of $98.35. The firm has a market cap of $206.23 billion, a PE ratio of 69.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $23.71 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Insider Activity at Walt Disney

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 value of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on DIS. Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their target price on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Macquarie lifted their target price 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. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. 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 stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $124.54.

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.