Daymark Wealth Partners LLC Sells 4,497 Shares of The Walt Disney Company (NYSE:DIS)

Daymark Wealth Partners LLC lowered its position in The Walt Disney Company (NYSE:DISFree Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,262 shares of the entertainment giant’s stock after selling 4,497 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Walt Disney were worth $16,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DIS. Certified Advisory Corp acquired a new stake in shares of Walt Disney in the second quarter valued at approximately $1,218,000. Farallon Capital Management LLC bought a new stake in Walt Disney in the 2nd quarter valued at $355,673,000. Providence Capital Advisors LLC lifted its holdings in Walt Disney by 1.2% during the 2nd quarter. Providence Capital Advisors LLC now owns 61,919 shares of the entertainment giant’s stock valued at $6,148,000 after purchasing an additional 714 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its position in Walt Disney by 0.4% during the second quarter. Mill Creek Capital Advisors LLC now owns 32,610 shares of the entertainment giant’s stock worth $3,238,000 after purchasing an additional 141 shares during the period. Finally, ValueAct Holdings L.P. increased its holdings in shares of Walt Disney by 13.2% in the second quarter. ValueAct Holdings L.P. now owns 6,133,631 shares of the entertainment giant’s stock valued at $609,008,000 after purchasing an additional 715,000 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Check Out Our Latest Research Report on DIS

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $108.72 on Wednesday. The company has a 50-day moving average price of $112.35 and a 200-day moving average price of $99.83. The company has a market cap of $196.89 billion, a price-to-earnings ratio of 40.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.10% of the stock is owned by company insiders.

Walt Disney Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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