The Walt Disney Company (NYSE:DIS) Shares Sold by Sterneck Capital Management LLC

Sterneck Capital Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,386 shares of the entertainment giant’s stock after selling 1,759 shares during the quarter. Walt Disney comprises about 1.6% of Sterneck Capital Management LLC’s holdings, making the stock its 19th largest holding. Sterneck Capital Management LLC’s holdings in Walt Disney were worth $3,049,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney in the 2nd quarter worth $32,000. First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. FSA Wealth Management LLC acquired a new stake in Walt Disney during the third quarter worth about $51,000. Birch Capital Management LLC acquired a new position in Walt Disney in the 4th quarter valued at about $56,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of the firm’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 transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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 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. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on DIS shares. TD Cowen upped their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Needham & Company LLC upped their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Price Performance

Shares of DIS opened at $111.39 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $110.29 and its 200-day simple moving average is $99.28. The firm has a market capitalization of $201.72 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 2.05 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the previous year, the business earned $0.82 EPS. Walt Disney’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date of this dividend is Monday, December 16th. Walt Disney’s dividend payout ratio is currently 36.90%.

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.