Financiere des Professionnels Fonds d investissement inc. Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Financiere des Professionnels Fonds d investissement inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,801 shares of the entertainment giant’s stock after selling 1,098 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Walt Disney were worth $6,882,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $43,000. Cedar Mountain Advisors LLC lifted its stake in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 110 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Walt Disney during the 4th quarter worth $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $50,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DIS shares. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Stock Up 0.7 %

Shares of DIS stock opened at $110.31 on Monday. The stock’s 50-day simple moving average is $111.14 and its 200-day simple moving average is $101.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market capitalization of $199.42 billion, a PE ratio of 35.93, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities analysts expect that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued 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 was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade 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 this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’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 sale, the chief executive officer now directly owns 226,767 shares in the company, 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 have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. Company insiders own 0.16% of the company’s stock.

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.