The Walt Disney Company (NYSE:DIS) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 9.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 128,893 shares of the entertainment giant’s stock after selling 14,131 shares during the period. Oppenheimer & Co. Inc.’s holdings in Walt Disney were worth $14,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hunter Associates Investment Management LLC increased its position in shares of Walt Disney by 4.8% during the third quarter. Hunter Associates Investment Management LLC now owns 6,595 shares of the entertainment giant’s stock worth $635,000 after purchasing an additional 300 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of Walt Disney by 2.7% during the third quarter. Integrated Advisors Network LLC now owns 21,337 shares of the entertainment giant’s stock worth $2,052,000 after purchasing an additional 558 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Walt Disney by 10.3% during the third quarter. Valmark Advisers Inc. now owns 10,435 shares of the entertainment giant’s stock worth $1,004,000 after purchasing an additional 971 shares in the last quarter. Jacobsen Capital Management grew its holdings in shares of Walt Disney by 6.9% during the third quarter. Jacobsen Capital Management now owns 2,480 shares of the entertainment giant’s stock worth $239,000 after buying an additional 159 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Walt Disney by 2.7% during the third quarter. Mutual Advisors LLC now owns 83,951 shares of the entertainment giant’s stock worth $8,009,000 after buying an additional 2,188 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by insiders.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $111.82 on Thursday. The firm has a market cap of $202.14 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm’s 50-day simple moving average is $110.64 and its 200-day simple moving average is $103.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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, topping 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 analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company 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 is a boost from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio is 32.57%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DIS. Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.