The Walt Disney Company (NYSE:DIS) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. decreased its stake in The Walt Disney Company (NYSE:DIS) by 5.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,510 shares of the entertainment giant’s stock after selling 825 shares during the period. Bard Financial Services Inc.’s holdings in Walt Disney were worth $1,504,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter worth approximately $32,000. First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the period. FSA Wealth Management LLC purchased a new stake in Walt Disney in the 3rd quarter valued at $51,000. Livelsberger Financial Advisory purchased a new position in Walt Disney during the 3rd quarter worth $57,000. Finally, Legacy Investment Solutions LLC acquired a new position in Walt Disney in the third quarter valued at $64,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.70 during trading on Monday, reaching $111.86. The company had a trading volume of 3,049,484 shares, compared to its average volume of 4,655,743. 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 twelve month low of $83.91 and a twelve month high of $123.74. The stock has a 50-day moving average price of $109.69 and a two-hundred day moving average price of $99.15. The stock has a market capitalization of $202.57 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43.

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

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a $0.50 dividend. 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 is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of the 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last 90 days. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Loop Capital increased 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. Macquarie upped their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.58.

About Walt Disney

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.