The Walt Disney Company (NYSE:DIS) Shares Sold by Caas Capital Management LP

Caas Capital Management LP lessened its holdings in The Walt Disney Company (NYSE:DIS) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,123 shares of the entertainment giant’s stock after selling 5,920 shares during the period. Walt Disney makes up 0.2% of Caas Capital Management LP’s investment portfolio, making the stock its 28th largest position. Caas Capital Management LP’s holdings in Walt Disney were worth $1,239,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Trust Point Inc. raised its holdings in shares of Walt Disney by 4.5% in the 4th quarter. Trust Point Inc. now owns 7,859 shares of the entertainment giant’s stock valued at $875,000 after buying an additional 341 shares during the period. E&G Advisors LP purchased a new stake in shares of Walt Disney in the 4th quarter valued at $226,000. Alliance Wealth Advisors LLC UT raised its holdings in shares of Walt Disney by 15.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,901 shares of the entertainment giant’s stock valued at $2,216,000 after buying an additional 2,659 shares during the period. GEN Financial Management INC. purchased a new stake in shares of Walt Disney in the 4th quarter valued at $208,000. Finally, Optas LLC raised its holdings in shares of Walt Disney by 4.5% in the 4th quarter. Optas LLC now owns 7,613 shares of the entertainment giant’s stock valued at $848,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.9 %

Shares of NYSE DIS opened at $114.10 on Tuesday. The stock has a market cap of $206.35 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43. 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 has a 50-day moving average price of $112.34 and a 200 day moving average price of $100.66.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a yield of 0.6%. This is a boost 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 dividend payout ratio (DPR) is presently 36.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DIS shares. Wells Fargo & Company boosted their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Guggenheim upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Sanford C. Bernstein upped their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Finally, Needham & Company LLC upped their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.52.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the 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 sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by company 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.