Summit Place Financial Advisors LLC Has $3.60 Million Holdings in The Walt Disney Company (NYSE:DIS)

Summit Place Financial Advisors LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,309 shares of the entertainment giant’s stock after selling 459 shares during the period. Walt Disney comprises about 2.0% of Summit Place Financial Advisors LLC’s holdings, making the stock its 15th largest position. Summit Place Financial Advisors LLC’s holdings in Walt Disney were worth $3,598,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. OLD National Bancorp IN increased its holdings in shares of Walt Disney by 13.7% during the 3rd quarter. OLD National Bancorp IN now owns 14,612 shares of the entertainment giant’s stock valued at $1,406,000 after acquiring an additional 1,758 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Walt Disney by 200.6% during the 3rd quarter. Vest Financial LLC now owns 6,554 shares of the entertainment giant’s stock valued at $630,000 after acquiring an additional 4,374 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Walt Disney by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock valued at $10,377,000 after purchasing an additional 4,878 shares during the period. Ledyard National Bank boosted its stake in Walt Disney by 3.9% during the 3rd quarter. Ledyard National Bank now owns 6,300 shares of the entertainment giant’s stock valued at $606,000 after purchasing an additional 235 shares during the period. Finally, Telos Capital Management Inc. boosted its stake in Walt Disney by 3.0% during the 3rd quarter. Telos Capital Management Inc. now owns 72,105 shares of the entertainment giant’s stock valued at $6,936,000 after purchasing an additional 2,128 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on DIS shares. TD Cowen raised their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Prescient Securities dropped their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Stock Performance

DIS stock opened at $109.48 on Wednesday. The firm has a market cap of $197.91 billion, a PE ratio of 35.66, a P/E/G ratio of 1.79 and a beta of 1.42. The business’s 50-day moving average price is $110.95 and its two-hundred day moving average price is $102.13. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend 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 payout ratio is 32.57%.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.

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.