The Walt Disney Company (NYSE:DIS) Stake Decreased by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. reduced its holdings in The Walt Disney Company (NYSE:DIS) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,842 shares of the entertainment giant’s stock after selling 136 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Walt Disney were worth $762,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jessup Wealth Management Inc bought a new position in shares of Walt Disney in the fourth quarter worth $316,000. Keene & Associates Inc. lifted its holdings in Walt Disney by 2.9% in the fourth quarter. Keene & Associates Inc. now owns 30,265 shares of the entertainment giant’s stock worth $3,370,000 after purchasing an additional 839 shares during the period. Good Life Advisors LLC grew its position in Walt Disney by 31.3% in the 4th quarter. Good Life Advisors LLC now owns 22,430 shares of the entertainment giant’s stock valued at $2,498,000 after buying an additional 5,348 shares in the last quarter. Financial Perspectives Inc increased its stake in Walt Disney by 12.3% during the 4th quarter. Financial Perspectives Inc now owns 5,906 shares of the entertainment giant’s stock valued at $658,000 after buying an additional 646 shares during the period. Finally, Pegasus Asset Management Inc. raised its position in shares of Walt Disney by 1.6% during the 4th quarter. Pegasus Asset Management Inc. now owns 34,745 shares of the entertainment giant’s stock worth $3,869,000 after buying an additional 543 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS opened at $111.28 on Thursday. The business’s 50-day moving average is $110.88 and its 200-day moving average is $102.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market capitalization of $201.17 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 1.79 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 released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed 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 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 dividend payout ratio (DPR) is currently 32.57%.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DIS shares. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. TD Cowen increased their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Finally, Sanford C. Bernstein raised their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.85.

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.