Walter & Keenan Wealth Management LLC IN ADV Cuts Position in The Walt Disney Company (NYSE:DIS)

Walter & Keenan Wealth Management LLC IN ADV lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,362 shares of the entertainment giant’s stock after selling 591 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Walt Disney were worth $1,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Walt Disney by 347.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,541 shares of the entertainment giant’s stock valued at $1,398,000 after purchasing an additional 11,294 shares in the last quarter. Mechanics Bank Trust Department lifted its stake in Walt Disney by 7.7% in the 3rd quarter. Mechanics Bank Trust Department now owns 13,699 shares of the entertainment giant’s stock valued at $1,318,000 after buying an additional 975 shares in the last quarter. City State Bank grew its holdings in Walt Disney by 51.4% during the 3rd quarter. City State Bank now owns 2,896 shares of the entertainment giant’s stock valued at $279,000 after buying an additional 983 shares during the last quarter. Retirement Planning Group LLC grew its holdings in Walt Disney by 17.5% during the 3rd quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock valued at $408,000 after buying an additional 632 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its position in Walt Disney by 1.2% during the third quarter. Douglas Lane & Associates LLC now owns 660,206 shares of the entertainment giant’s stock worth $63,505,000 after buying an additional 7,853 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % 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 90 days. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

Shares of DIS stock opened at $110.83 on Monday. The company’s fifty day simple moving average is $111.87 and its 200-day simple moving average is $101.19. 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 52 week low of $83.91 and a 52 week high of $123.74. The company has a market cap of $200.36 billion, a PE ratio of 36.10, a P/E/G ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.43 EPS 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 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 is currently 32.57%.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Guggenheim raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI boosted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.85.

About Walt Disney

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.