Americana Partners LLC Sells 5,335 Shares of The Walt Disney Company (NYSE:DIS)

Americana Partners LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,482 shares of the entertainment giant’s stock after selling 5,335 shares during the period. Americana Partners LLC’s holdings in Walt Disney were worth $833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC boosted its position in Walt Disney by 1.4% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 8,348 shares of the entertainment giant’s stock valued at $803,000 after acquiring an additional 116 shares in the last quarter. OLD National Bancorp IN boosted its position in Walt Disney by 13.7% during the 3rd quarter. OLD National Bancorp IN now owns 14,612 shares of the entertainment giant’s stock valued at $1,406,000 after acquiring an additional 1,758 shares in the last quarter. Vest Financial LLC boosted its position in Walt Disney by 200.6% during the 3rd quarter. Vest Financial LLC now owns 6,554 shares of the entertainment giant’s stock valued at $630,000 after acquiring an additional 4,374 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Walt Disney by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock valued at $10,377,000 after acquiring an additional 4,878 shares in the last quarter. Finally, Godsey & Gibb Inc. boosted its position in Walt Disney by 5.9% during the 3rd quarter. Godsey & Gibb Inc. now owns 175,277 shares of the entertainment giant’s stock valued at $16,860,000 after acquiring an additional 9,798 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research 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 stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Trading Up 0.7 %

DIS opened at $110.31 on Tuesday. 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 stock has a market capitalization of $199.42 billion, a PE ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm has a 50-day moving average price of $111.14 and a two-hundred day moving average price of $101.90.

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 6.07% and a return on equity of 9.95%. As a group, equities analysts anticipate 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. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is presently 32.57%.

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.