Bridgewater Advisors Inc. Sells 910 Shares of The Walt Disney Company (NYSE:DIS)

Bridgewater Advisors Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,358 shares of the entertainment giant’s stock after selling 910 shares during the period. Bridgewater Advisors Inc.’s holdings in Walt Disney were worth $3,174,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the second quarter worth about $32,000. Friedenthal Financial purchased a new position in Walt Disney in the 4th quarter worth approximately $49,000. 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 worth $50,000 after acquiring an additional 256 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at $50,000. Finally, FSA Wealth Management LLC purchased a new position in Walt Disney in the third quarter worth about $51,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.6 %

DIS stock opened at $107.07 on Monday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm’s 50-day moving average is $112.08 and its 200 day moving average is $99.69. The company has a market capitalization of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. 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 posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DIS shares. Loop Capital upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen increased their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.54.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the firm’s 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 owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last three months. 0.10% 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.