Allspring Global Investments Holdings LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Allspring Global Investments Holdings LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,033 shares of the entertainment giant’s stock after selling 22,770 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Walt Disney were worth $9,574,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DIS. Trian Fund Management L.P. increased its holdings in Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after buying an additional 23,644,765 shares during the last quarter. Norges Bank purchased a new stake in Walt Disney during the fourth quarter worth about $1,433,075,000. Morgan Stanley increased its holdings in Walt Disney by 13.5% during the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in Walt Disney during the third quarter worth about $326,171,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.8 %

Shares of Walt Disney stock opened at $113.89 on Wednesday. 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 $208.91 billion, a PE ratio of 70.30, a PEG ratio of 1.65 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 company has a 50 day simple moving average of $113.59 and a two-hundred day simple moving average of $98.14.

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 the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate 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 was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. Analysts expect that The Walt Disney Company will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders 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 presently 18.52%.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction that occurred on 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 of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DIS shares. Guggenheim increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Bank of America increased their target price on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. UBS Group increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus 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.