Clarity Wealth Advisors LLC Sells 165 Shares of The Walt Disney Company (NYSE:DIS)

Clarity Wealth Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,998 shares of the entertainment giant’s stock after selling 165 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in Walt Disney were worth $668,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Walt Disney by 0.6% during the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after acquiring an additional 490,681 shares in the last quarter. Geode Capital Management LLC increased its holdings in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after acquiring an additional 1,393,082 shares in the last quarter. FMR LLC lifted its position in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock worth $1,332,297,000 after buying an additional 454,678 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $110.83 on Friday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company’s 50 day moving average price is $112.00 and its two-hundred day moving average price is $101.07. 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 stock has a market cap of $200.43 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. On average, equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors 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 dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Bank of America lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Rosenblatt Securities upped their target price on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday. Six investment 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 stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 in the last ninety days. 0.16% of the stock is owned by company insiders.

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.