Fifth Third Wealth Advisors LLC Sells 11,204 Shares of The Walt Disney Company (NYSE:DIS)

Fifth Third Wealth Advisors LLC decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 56,185 shares of the entertainment giant’s stock after selling 11,204 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Walt Disney were worth $6,256,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Crestmont Private Wealth LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $201,000. Pines Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter worth $625,000. Accurate Wealth Management LLC raised its position in Walt Disney by 12.4% during the 4th quarter. Accurate Wealth Management LLC now owns 4,247 shares of the entertainment giant’s stock valued at $461,000 after purchasing an additional 467 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Walt Disney by 24.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,265 shares of the entertainment giant’s stock worth $141,000 after buying an additional 247 shares during the period. Finally, Global Financial Private Client LLC grew its position in shares of Walt Disney by 7.0% during the 4th quarter. Global Financial Private Client LLC now owns 18,603 shares of the entertainment giant’s stock worth $2,071,000 after buying an additional 1,219 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction 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 approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DIS shares. Sanford C. Bernstein lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Needham & Company LLC boosted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Rosenblatt Securities boosted their price target on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Stock Down 0.0 %

NYSE:DIS opened at $108.03 on Wednesday. The firm has a market capitalization of $195.64 billion, a P/E ratio of 39.86, a PEG ratio of 2.03 and a beta of 1.43. The company’s fifty day moving average price is $111.58 and its 200-day moving average price is $99.51. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current 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 issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 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.