The Walt Disney Company (NYSE:DIS) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its position in The Walt Disney Company (NYSE:DIS) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 42,951 shares of the entertainment giant’s stock after selling 2,634 shares during the period. Sigma Planning Corp’s holdings in Walt Disney were worth $4,783,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at about $35,000. Hager Investment Management Services LLC acquired a new stake in Walt Disney during the fourth quarter worth about $43,000. Cedar Mountain Advisors LLC grew its holdings in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 110 shares during the period. Friedenthal Financial acquired a new stake in Walt Disney during the fourth quarter worth about $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Walt Disney during the fourth quarter worth about $50,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $108.62 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market cap of $196.37 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The business’s 50 day moving average price is $110.70 and its 200 day moving average price is $102.39.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current 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 given a $0.50 dividend. 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 32.57%.

Analyst Ratings Changes

Several analysts recently commented on DIS shares. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.44.

About Walt Disney

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.