Mandatum Life Insurance Co Ltd Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Mandatum Life Insurance Co Ltd lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,712 shares of the entertainment giant’s stock after selling 1,703 shares during the period. Walt Disney comprises about 1.3% of Mandatum Life Insurance Co Ltd’s holdings, making the stock its 18th largest position. Mandatum Life Insurance Co Ltd’s holdings in Walt Disney were worth $4,311,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DIS. Edgestream Partners L.P. grew its position in shares of Walt Disney by 67.3% in the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after buying an additional 2,610 shares during the period. Pacer Advisors Inc. boosted its stake in Walt Disney by 4.7% during the second quarter. Pacer Advisors Inc. now owns 129,687 shares of the entertainment giant’s stock worth $12,877,000 after acquiring an additional 5,772 shares in the last quarter. Sei Investments Co. grew its holdings in Walt Disney by 7.8% in the second quarter. Sei Investments Co. now owns 642,126 shares of the entertainment giant’s stock worth $63,760,000 after purchasing an additional 46,620 shares during the period. Merriman Wealth Management LLC increased its stake in shares of Walt Disney by 4.2% during the second quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant’s stock valued at $316,000 after purchasing an additional 129 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of Walt Disney by 10.1% during the second quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant’s stock valued at $2,235,000 after purchasing an additional 2,067 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

NYSE DIS opened at $107.07 on Monday. The company has a 50-day moving average price of $112.08 and a 200-day moving average price of $99.69. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating 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 business 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 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 36.90%.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the 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 owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’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 $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. 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 quarter. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DIS. Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities lifted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price 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.