The Walt Disney Company (NYSE:DIS) Position Cut by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,001 shares of the entertainment giant’s stock after selling 740 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Walt Disney were worth $3,563,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. increased its stake in shares of Walt Disney by 67.3% in the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after purchasing an additional 2,610 shares during the period. MQS Management LLC bought a new position in Walt Disney in the 2nd quarter worth approximately $479,000. Intech Investment Management LLC increased its position in Walt Disney by 38.1% in the 2nd quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock valued at $18,270,000 after acquiring an additional 50,759 shares during the period. Brighton Jones LLC raised its stake in Walt Disney by 6.8% during the 2nd quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock valued at $2,788,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in Walt Disney by 1.6% during the 2nd quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock worth $17,780,000 after acquiring an additional 2,779 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $107.07 on Friday. The firm has a 50 day simple moving average of $111.92 and a 200 day simple moving average of $99.62. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market cap of $193.90 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating 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 business had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the previous year, the company posted $0.82 EPS. Walt Disney’s revenue was up 6.3% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This is a positive change 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 dividend payout ratio is presently 36.90%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. 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 three months. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. TD Cowen increased their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Five 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

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.