Prudent Man Advisors LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Prudent Man Advisors LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,732 shares of the entertainment giant’s stock after selling 236 shares during the quarter. Prudent Man Advisors LLC’s holdings in Walt Disney were worth $972,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at about $28,000. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $35,000. Hager Investment Management Services LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $43,000. Finally, Providence First Trust Co bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $44,000. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walt Disney 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 directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Walt Disney Trading Up 2.3 %

Shares of DIS opened at $113.82 on Friday. The firm has a fifty day simple moving average of $110.68 and a two-hundred day simple moving average of $103.23. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market capitalization of $205.77 billion, a P/E ratio of 37.08, a PEG ratio of 1.80 and a beta of 1.42. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate 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. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 32.57%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DIS shares. Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Macquarie reiterated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Bank of America lifted their price objective 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. Finally, Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Six 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 company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target 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.