The Walt Disney Company (NYSE:DIS) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,873 shares of the entertainment giant’s stock after selling 356 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Walt Disney were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Coastwise Capital Group LLC increased its position in shares of Walt Disney by 5.1% during the 4th quarter. Coastwise Capital Group LLC now owns 7,204 shares of the entertainment giant’s stock valued at $802,000 after purchasing an additional 352 shares during the period. Evernest Financial Advisors LLC boosted its stake in Walt Disney by 11.7% during the fourth quarter. Evernest Financial Advisors LLC now owns 4,582 shares of the entertainment giant’s stock valued at $510,000 after buying an additional 481 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in Walt Disney by 2.6% during the fourth quarter. Hunter Associates Investment Management LLC now owns 6,768 shares of the entertainment giant’s stock worth $753,000 after acquiring an additional 173 shares during the period. Sonora Investment Management Group LLC lifted its holdings in Walt Disney by 2.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 85,691 shares of the entertainment giant’s stock valued at $9,542,000 after acquiring an additional 1,852 shares during the last quarter. Finally, Oak Harvest Investment Services bought a new position in shares of Walt Disney during the 4th quarter valued at about $6,866,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

NYSE:DIS opened at $113.30 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of $204.89 billion, a P/E ratio of 41.81, a P/E/G ratio of 2.02 and a beta of 1.43. The stock’s 50 day moving average price is $112.39 and its 200 day moving average price is $100.53. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly 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. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. On average, research analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

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 given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 36.90%.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Loop Capital lifted their target price on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.52.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction 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 Walt Disney 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by corporate insiders.

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.