Moloney Securities Asset Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,192 shares of the entertainment giant’s stock after selling 3,435 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Walt Disney were worth $801,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of DIS. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Walt Disney by 347.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,541 shares of the entertainment giant’s stock valued at $1,398,000 after acquiring an additional 11,294 shares in the last quarter. Mechanics Bank Trust Department raised its stake in shares of Walt Disney by 7.7% in the third quarter. Mechanics Bank Trust Department now owns 13,699 shares of the entertainment giant’s stock worth $1,318,000 after purchasing an additional 975 shares during the last quarter. City State Bank lifted its holdings in shares of Walt Disney by 51.4% during the third quarter. City State Bank now owns 2,896 shares of the entertainment giant’s stock valued at $279,000 after purchasing an additional 983 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of Walt Disney by 17.5% during the third quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock valued at $408,000 after buying an additional 632 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Walt Disney by 1.2% in the 3rd quarter. Douglas Lane & Associates LLC now owns 660,206 shares of the entertainment giant’s stock worth $63,505,000 after buying an additional 7,853 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.
Walt Disney Stock Performance
NYSE DIS opened at $110.83 on Monday. The business has a 50-day moving average price of $111.87 and a 200-day moving average price of $101.19. The firm has a market cap of $200.36 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.
Walt Disney Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is currently 32.57%.
Insider Buying and Selling at Walt Disney
In other news, EVP Brent Woodford sold 5,000 shares of the company’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 of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 in the last 90 days. Insiders own 0.16% of the company’s stock.
Wall Street Analyst Weigh In
DIS has been the topic of a number of recent analyst reports. Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Macquarie reiterated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.
Check Out Our Latest Stock Analysis on DIS
Walt Disney 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.
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