Aspen Investment Management Inc Trims Stake in The Walt Disney Company (NYSE:DIS)

Aspen Investment Management Inc cut its stake in The Walt Disney Company (NYSE:DIS) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,838 shares of the entertainment giant’s stock after selling 146 shares during the period. Aspen Investment Management Inc’s holdings in Walt Disney were worth $316,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DIS. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC bought a new position in Walt Disney in the fourth quarter worth $43,000. Cedar Mountain Advisors LLC lifted its position in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial bought a new stake in shares of Walt Disney during the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Walt Disney in the 4th quarter worth about $50,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $110.52 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The business has a fifty day moving average of $110.80 and a 200 day moving average of $102.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $199.80 billion, a P/E ratio of 36.00, a PEG ratio of 1.78 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. Prescient Securities dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Loop Capital lifted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.