The Walt Disney Company (NYSE:DIS) Holdings Cut by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,791 shares of the entertainment giant’s stock after selling 923 shares during the period. Sax Wealth Advisors LLC’s holdings in Walt Disney were worth $868,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the second quarter valued at approximately $32,000. Friedenthal Financial bought a new stake in Walt Disney in the fourth quarter worth approximately $49,000. First PREMIER Bank increased its stake in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at $51,000. Finally, Birch Capital Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $56,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Wells Fargo & Company increased their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. TD Cowen increased their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Finally, Guggenheim lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.54.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the firm’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 transaction 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 approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by corporate insiders.

Walt Disney Stock Performance

DIS opened at $107.07 on Friday. The stock has a market cap of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock’s 50 day simple moving average is $111.92 and its 200-day simple moving average is $99.62. The company has a current ratio of 0.73, a quick ratio of 0.67 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 (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Sell-side analysts forecast that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared 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. This is a boost 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 dividend payout ratio (DPR) is currently 36.90%.

Walt Disney 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.