The Walt Disney Company (NYSE:DIS) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,316 shares of the entertainment giant’s stock after selling 508 shares during the period. Sargent Investment Group LLC’s holdings in Walt Disney were worth $466,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DIS. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney during the fourth quarter worth about $35,000. Cedar Mountain Advisors LLC raised 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 purchasing an additional 110 shares in the last quarter. Friedenthal Financial purchased a new position in Walt Disney during the fourth quarter worth about $49,000. First PREMIER Bank raised its holdings in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Walt Disney during the fourth quarter worth about $50,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % 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 worth $44,153,263 in the last quarter. 0.16% of the stock is owned by insiders.

Walt Disney Stock Down 2.6 %

Shares of NYSE DIS opened at $110.41 on Thursday. 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 price is $112.26 and its 200 day moving average price is $100.89. The firm has a market cap of $199.67 billion, a P/E ratio of 40.74, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. TD Cowen increased their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Rosenblatt Securities increased their target price on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Needham & Company LLC increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.65.

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.