Quantum Private Wealth LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Quantum Private Wealth LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 30.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,467 shares of the entertainment giant’s stock after selling 1,081 shares during the quarter. Quantum Private Wealth LLC’s holdings in Walt Disney were worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Creative Planning raised its holdings in 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 in the last quarter. Secure Asset Management LLC raised its holdings in shares of Walt Disney by 13.0% in the 3rd quarter. Secure Asset Management LLC now owns 4,035 shares of the entertainment giant’s stock valued at $388,000 after purchasing an additional 463 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Walt Disney by 7.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 119,074 shares of the entertainment giant’s stock worth $11,454,000 after purchasing an additional 8,198 shares during the last quarter. KMG Fiduciary Partners LLC grew its stake in shares of Walt Disney by 2.3% during the third quarter. KMG Fiduciary Partners LLC now owns 55,425 shares of the entertainment giant’s stock worth $5,331,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its holdings in Walt Disney by 10.2% in the third quarter. Moss Adams Wealth Advisors LLC now owns 4,237 shares of the entertainment giant’s stock valued at $408,000 after buying an additional 391 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.7 %

DIS stock opened at $110.31 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The company has a fifty day moving average of $111.14 and a 200-day moving average of $101.78. 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 data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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, analysts expect that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI upped 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. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Guggenheim increased their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by corporate insiders.

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.