Prairie Wealth Advisors Inc. Sells 250 Shares of The Walt Disney Company (NYSE:DIS)

Prairie Wealth Advisors Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,429 shares of the entertainment giant’s stock after selling 250 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Walt Disney were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DIS. Beese Fulmer Investment Management Inc. boosted its stake in Walt Disney by 0.5% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 127,221 shares of the entertainment giant’s stock worth $14,166,000 after buying an additional 631 shares during the period. Fairvoy Private Wealth LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $529,000. William Allan Corp increased its stake in Walt Disney by 1.3% in the fourth quarter. William Allan Corp now owns 32,922 shares of the entertainment giant’s stock worth $3,666,000 after purchasing an additional 426 shares during the period. Ameliora Wealth Management Ltd. grew its stake in Walt Disney by 60.0% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 4,800 shares of the entertainment giant’s stock worth $534,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Walt Disney by 1.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 438,220 shares of the entertainment giant’s stock worth $48,796,000 after buying an additional 5,155 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DIS. Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. 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 research report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday. Finally, TD Cowen upped their price objective 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. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Up 1.5 %

Shares of DIS opened at $112.15 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market cap of $202.82 billion, a P/E ratio of 41.38, a PEG ratio of 2.02 and a beta of 1.42. The stock’s 50 day moving average is $112.11 and its two-hundred day moving average is $100.99. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Walt Disney 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.