FengHe Fund Management Pte. Ltd. Sells 37,900 Shares of The Walt Disney Company (NYSE:DIS)

FengHe Fund Management Pte. Ltd. lessened its position in The Walt Disney Company (NYSE:DIS) by 50.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,800 shares of the entertainment giant’s stock after selling 37,900 shares during the period. Walt Disney accounts for about 1.2% of FengHe Fund Management Pte. Ltd.’s investment portfolio, making the stock its 13th largest holding. FengHe Fund Management Pte. Ltd.’s holdings in Walt Disney were worth $4,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its holdings in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Walt Disney by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after purchasing an additional 114,701 shares during the period. Brookstone Capital Management increased its holdings in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the period. Summit Global Investments increased its holdings in shares of Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of Walt Disney during the 4th quarter worth about $15,125,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % 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 valued at $44,153,263 over the last ninety days. Insiders own 0.16% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $110.31 on Monday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm’s 50 day moving average is $111.14 and its 200-day moving average is $101.85. The firm has a market capitalization of $199.42 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts forecast that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is 32.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DIS. Wells Fargo & Company boosted their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Jefferies Financial Group started coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. Finally, TD Cowen lifted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.85.

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.