Woodstock Corp Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Woodstock Corp lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,378 shares of the entertainment giant’s stock after selling 830 shares during the quarter. Woodstock Corp’s holdings in Walt Disney were worth $9,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Edgestream Partners L.P. raised its stake in shares of Walt Disney by 67.3% in the 2nd quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock valued at $644,000 after acquiring an additional 2,610 shares during the period. E Fund Management Co. Ltd. raised its position in Walt Disney by 12.5% in the second quarter. E Fund Management Co. Ltd. now owns 11,395 shares of the entertainment giant’s stock valued at $1,131,000 after purchasing an additional 1,267 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Walt Disney by 1.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock worth $35,429,000 after purchasing an additional 4,256 shares in the last quarter. Marathon Trading Investment Management LLC grew its stake in shares of Walt Disney by 333.0% in the second quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock valued at $775,000 after buying an additional 6,000 shares in the last quarter. Finally, Middleton & Co. Inc. MA raised its holdings in shares of Walt Disney by 0.9% in the 2nd quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock valued at $3,862,000 after buying an additional 334 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 1.7 %

DIS opened at $106.38 on Friday. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The business’s 50 day moving average is $111.77 and its two-hundred day moving average is $99.58. The firm has a market cap of $192.65 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, research analysts predict that The Walt Disney Company will post 5.41 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. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. 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. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is 36.90%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Wells Fargo & Company increased their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Guggenheim upped their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.54.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock valued at $44,153,263 over the last quarter. 0.10% of the stock is currently owned by insiders.

Walt Disney Company 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.