Rice Partnership LLC Has $450,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Rice Partnership LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 92.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,038 shares of the entertainment giant’s stock after selling 50,271 shares during the quarter. Rice Partnership LLC’s holdings in Walt Disney were worth $450,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DIS. Cedar Mountain Advisors LLC boosted its stake in shares of Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. Friedenthal Financial bought a new position in shares of Walt Disney in the 4th quarter valued at about $49,000. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $51,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last quarter. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on DIS shares. Evercore ISI raised their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Rosenblatt Securities raised their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Stock Down 0.3 %

DIS opened at $113.04 on Monday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of $204.43 billion, a P/E ratio of 41.71, a P/E/G ratio of 2.02 and a beta of 1.42. The stock has a fifty day moving average of $112.34 and a 200-day moving average of $100.66.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share 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 quarter last year, the firm earned $0.82 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect 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 was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 36.90%.

About Walt Disney

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.