Schnieders Capital Management LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Schnieders Capital Management LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,473 shares of the entertainment giant’s stock after selling 525 shares during the quarter. Schnieders Capital Management LLC’s holdings in Walt Disney were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC grew its holdings in Walt Disney by 6.0% in the 4th quarter. Cable Hill Partners LLC now owns 4,160 shares of the entertainment giant’s stock valued at $465,000 after buying an additional 236 shares during the period. NewEdge Wealth LLC grew its holdings in Walt Disney by 14.0% in the 4th quarter. NewEdge Wealth LLC now owns 15,708 shares of the entertainment giant’s stock valued at $1,749,000 after buying an additional 1,926 shares during the period. Whipplewood Advisors LLC purchased a new stake in Walt Disney in the 4th quarter valued at about $368,000. Pointe Capital Management LLC grew its holdings in Walt Disney by 47.0% in the 4th quarter. Pointe Capital Management LLC now owns 3,446 shares of the entertainment giant’s stock valued at $384,000 after buying an additional 1,101 shares during the period. Finally, Armstrong Fleming & Moore Inc grew its holdings in Walt Disney by 2.3% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 7,553 shares of the entertainment giant’s stock valued at $841,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS opened at $111.82 on Thursday. The business’s 50 day moving average is $110.64 and its two-hundred day moving average is $103.10. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $202.14 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 1.80 and a beta of 1.42. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm 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 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 of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 32.57%.

Wall Street Analyst Weigh In

Several research firms have commented on DIS. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company lifted 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. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.44.

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.