Jamison Private Wealth Management Inc. Trims Position in The Walt Disney Company (NYSE:DIS)

Jamison Private Wealth Management Inc. lessened its stake in The Walt Disney Company (NYSE:DIS) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,577 shares of the entertainment giant’s stock after selling 502 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Walt Disney were worth $3,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Deerfield Management Company L.P. Series C acquired a new stake in shares of Walt Disney in the 2nd quarter worth $336,000. Susquehanna Fundamental Investments LLC grew its holdings in shares of Walt Disney by 30.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 147,183 shares of the entertainment giant’s stock worth $14,614,000 after acquiring an additional 34,600 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its position in shares of Walt Disney by 9.7% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,411 shares of the entertainment giant’s stock valued at $637,000 after buying an additional 565 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of Walt Disney by 16.3% in the second quarter. Ascent Group LLC now owns 29,848 shares of the entertainment giant’s stock valued at $2,964,000 after purchasing an additional 4,176 shares in the last quarter. Finally, Annandale Capital LLC grew its holdings in Walt Disney by 86.9% during the 2nd quarter. Annandale Capital LLC now owns 68,148 shares of the entertainment giant’s stock valued at $6,766,000 after buying an additional 31,679 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 1.1 %

Shares of Walt Disney stock opened at $112.25 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The business has a 50-day moving average of $112.46 and a 200-day moving average of $100.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market capitalization of $203.28 billion, a PE ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same period last year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced 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 positive change 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 payout ratio is presently 36.90%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Rosenblatt Securities boosted their target price on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s 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 transaction, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company’s stock.

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.