Oxinas Partners Wealth Management LLC Sells 1,088 Shares of The Walt Disney Company (NYSE:DIS)

Oxinas Partners Wealth Management LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 33.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,189 shares of the entertainment giant’s stock after selling 1,088 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Walt Disney were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Certified Advisory Corp acquired a new position in Walt Disney in the second quarter valued at $1,218,000. Farallon Capital Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter worth about $355,673,000. Providence Capital Advisors LLC raised its holdings in shares of Walt Disney by 1.2% in the 2nd quarter. Providence Capital Advisors LLC now owns 61,919 shares of the entertainment giant’s stock worth $6,148,000 after acquiring an additional 714 shares during the last quarter. Mill Creek Capital Advisors LLC grew its position in Walt Disney by 0.4% in the 2nd 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 in the last quarter. Finally, ValueAct Holdings L.P. grew its position in Walt Disney by 13.2% in the 2nd quarter. ValueAct Holdings L.P. now owns 6,133,631 shares of the entertainment giant’s stock worth $609,008,000 after purchasing an additional 715,000 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Activity at Walt Disney

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DIS shares. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Bank of America 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 note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Trading Up 1.6 %

Shares of DIS opened at $108.72 on Wednesday. The firm’s 50-day moving average price is $112.20 and its 200-day moving average price is $99.76. The firm has a market capitalization of $196.89 billion, a price-to-earnings ratio of 40.12, a PEG 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 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the company posted $0.82 EPS. Walt Disney’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

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.