The Walt Disney Company (NYSE:DIS) Shares Sold by TFG Advisers LLC

TFG Advisers LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,405 shares of the entertainment giant’s stock after selling 245 shares during the quarter. TFG Advisers LLC’s holdings in Walt Disney were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vest Financial LLC lifted its holdings in shares of Walt Disney by 14.3% in the 4th quarter. Vest Financial LLC now owns 7,489 shares of the entertainment giant’s stock worth $834,000 after purchasing an additional 935 shares during the last quarter. Tenon Financial LLC acquired a new stake in Walt Disney in the fourth quarter worth $235,000. Joel Isaacson & Co. LLC increased its position in Walt Disney by 13.2% in the fourth quarter. Joel Isaacson & Co. LLC now owns 28,013 shares of the entertainment giant’s stock worth $3,119,000 after buying an additional 3,272 shares during the period. Northstar Group Inc. lifted its stake in Walt Disney by 8.4% in the fourth quarter. Northstar Group Inc. now owns 30,954 shares of the entertainment giant’s stock valued at $3,447,000 after buying an additional 2,406 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Walt Disney during the fourth quarter valued at $469,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIS. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Loop Capital raised their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Price Performance

NYSE DIS opened at $110.83 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business’s fifty day moving average is $112.00 and its two-hundred day moving average is $101.07. The stock has a market capitalization of $200.43 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

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, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. On average, research analysts forecast that The Walt Disney Company will post 5.41 earnings per share 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. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is currently 32.57%.

Insiders Place Their Bets

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last ninety days. 0.16% of the stock is currently owned by company insiders.

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.