Cypress Wealth Services LLC lowered its position in shares of Walt Disney Co (NYSE:DIS) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,629 shares of the entertainment giant’s stock after selling 250 shares during the period. Cypress Wealth Services LLC’s holdings in Walt Disney were worth $2,694,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of DIS. HNP Capital LLC grew its position in shares of Walt Disney by 2.7% in the 4th quarter. HNP Capital LLC now owns 2,781 shares of the entertainment giant’s stock worth $402,000 after buying an additional 73 shares during the period. Wsfs Capital Management LLC grew its position in shares of Walt Disney by 2.6% in the 2nd quarter. Wsfs Capital Management LLC now owns 3,003 shares of the entertainment giant’s stock worth $419,000 after buying an additional 76 shares during the period. Northstar Wealth Partners LLC grew its position in Walt Disney by 1.9% during the 2nd quarter. Northstar Wealth Partners LLC now owns 4,063 shares of the entertainment giant’s stock valued at $567,000 after purchasing an additional 76 shares during the last quarter. NewSquare Capital LLC grew its position in Walt Disney by 24.9% during the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after purchasing an additional 77 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. grew its position in Walt Disney by 3.2% during the 3rd quarter. Hurlow Wealth Management Group Inc. now owns 2,560 shares of the entertainment giant’s stock valued at $332,000 after purchasing an additional 79 shares during the last quarter. 64.07% of the stock is owned by institutional investors.
In other news, EVP Alan N. Braverman sold 1,113 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $146.32, for a total transaction of $162,854.16. Following the sale, the executive vice president now owns 102,789 shares in the company, valued at $15,040,086.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the sale, the chief financial officer now owns 135,756 shares in the company, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. Insiders have sold 18,837 shares of company stock worth $2,759,138 in the last 90 days. Insiders own 0.36% of the company’s stock.
Several analysts recently commented on the stock. JPMorgan Chase & Co. reissued a “buy” rating and set a $160.00 price objective on shares of Walt Disney in a research report on Monday, November 25th. Wells Fargo & Co lowered their price objective on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Consumer Edge assumed coverage on shares of Walt Disney in a research note on Monday, November 25th. They issued an “overweight” rating and a $175.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Finally, Loop Capital increased their price objective on shares of Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $154.31.
DIS traded down $1.06 on Tuesday, hitting $142.82. The company had a trading volume of 980,972 shares, compared to its average volume of 6,808,851. The stock has a fifty day moving average price of $147.04 and a 200-day moving average price of $139.60. Walt Disney Co has a 12-month low of $107.32 and a 12-month high of $153.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market capitalization of $259.33 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 5.68 and a beta of 1.00.
Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The company had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. Analysts forecast that Walt Disney Co will post 5.35 EPS for the current fiscal year.
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s payout ratio is 30.50%.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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