Sheaff Brock Investment Advisors LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Sheaff Brock Investment Advisors LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,707 shares of the entertainment giant’s stock after selling 569 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Walt Disney were worth $2,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Creative Planning increased its position in shares of Walt Disney by 0.9% in the third quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after acquiring an additional 5,972 shares during the period. Secure Asset Management LLC grew its stake in shares of Walt Disney by 13.0% in the third quarter. Secure Asset Management LLC now owns 4,035 shares of the entertainment giant’s stock worth $388,000 after purchasing an additional 463 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Walt Disney by 7.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 119,074 shares of the entertainment giant’s stock valued at $11,454,000 after purchasing an additional 8,198 shares during the period. KMG Fiduciary Partners LLC raised its position in Walt Disney by 2.3% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 55,425 shares of the entertainment giant’s stock valued at $5,331,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in Walt Disney by 10.2% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 4,237 shares of the entertainment giant’s stock worth $408,000 after buying an additional 391 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. 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 stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value 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 sold 385,412 shares of company stock valued at $44,153,263 over the last three months. Insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $110.31 on Friday. The stock’s 50 day simple moving average is $111.14 and its 200 day simple moving average is $101.78. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market capitalization of $199.42 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts forecast that The Walt Disney Company will post 5.43 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. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent analyst reports. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Evercore ISI increased their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Macquarie reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

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.