Mather Group LLC. Sells 826 Shares of The Walt Disney Company (NYSE:DIS)

Mather Group LLC. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,994 shares of the entertainment giant’s stock after selling 826 shares during the quarter. Mather Group LLC.’s holdings in Walt Disney were worth $1,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brown Lisle Cummings Inc. boosted its stake in Walt Disney by 13.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 4,613 shares of the entertainment giant’s stock worth $514,000 after acquiring an additional 541 shares in the last quarter. Robbins Farley boosted its position in shares of Walt Disney by 3.5% in the 4th quarter. Robbins Farley now owns 33,636 shares of the entertainment giant’s stock worth $3,745,000 after purchasing an additional 1,151 shares in the last quarter. Patron Partners LLC grew its stake in shares of Walt Disney by 34.4% in the 4th quarter. Patron Partners LLC now owns 3,007 shares of the entertainment giant’s stock worth $335,000 after buying an additional 769 shares during the last quarter. Trust Point Inc. increased its position in Walt Disney by 4.5% during the 4th quarter. Trust Point Inc. now owns 7,859 shares of the entertainment giant’s stock valued at $875,000 after buying an additional 341 shares in the last quarter. Finally, E&G Advisors LP purchased a new position in Walt Disney during the fourth quarter valued at $226,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.6 %

Shares of DIS stock opened at $113.35 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a fifty day moving average price of $112.30 and a 200-day moving average price of $100.77. The company has a market cap of $205.00 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 2.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict 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. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is an increase 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 related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % 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 over the last three months. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DIS shares. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.65.

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.