Procyon Advisors LLC Trims Position in The Walt Disney Company (NYSE:DIS)

Procyon Advisors LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,969 shares of the entertainment giant’s stock after selling 1,319 shares during the quarter. Procyon Advisors LLC’s holdings in Walt Disney were worth $8,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. FF Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at about $229,000. Everpar Advisors LLC boosted its stake in shares of Walt Disney by 7.2% in the 4th quarter. Everpar Advisors LLC now owns 5,098 shares of the entertainment giant’s stock valued at $568,000 after buying an additional 342 shares during the period. Border to Coast Pensions Partnership Ltd boosted its stake in shares of Walt Disney by 14.8% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 442,608 shares of the entertainment giant’s stock valued at $49,252,000 after buying an additional 56,974 shares during the period. RDA Financial Network grew its position in shares of Walt Disney by 11.2% during the fourth quarter. RDA Financial Network now owns 2,645 shares of the entertainment giant’s stock worth $295,000 after buying an additional 266 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its holdings in Walt Disney by 2.6% in the fourth quarter. KMG Fiduciary Partners LLC now owns 56,878 shares of the entertainment giant’s stock valued at $6,333,000 after acquiring an additional 1,453 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. 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 Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, 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 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Walt Disney Price Performance

DIS opened at $106.38 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a 50 day moving average of $111.77 and a two-hundred day moving average of $99.58. The company has a market cap of $192.65 billion, a P/E ratio of 39.25, a P/E/G ratio of 1.94 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 5.41 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. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s payout ratio is 36.90%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Rosenblatt Securities raised their price objective on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.54.

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.