The Walt Disney Company (NYSE:DIS) Stock Holdings Lessened by Byrne Asset Management LLC

Byrne Asset Management LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,679 shares of the entertainment giant’s stock after selling 632 shares during the quarter. Walt Disney makes up approximately 1.4% of Byrne Asset Management LLC’s holdings, making the stock its 14th biggest holding. Byrne Asset Management LLC’s holdings in Walt Disney were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DIS. Apollon Financial LLC lifted its stake in Walt Disney by 66.6% in the fourth quarter. Apollon Financial LLC now owns 5,937 shares of the entertainment giant’s stock valued at $661,000 after buying an additional 2,374 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Walt Disney by 14.3% in the 4th quarter. Vest Financial LLC now owns 7,489 shares of the entertainment giant’s stock worth $834,000 after acquiring an additional 935 shares during the period. Tenon Financial LLC bought a new stake in Walt Disney in the 4th quarter valued at about $235,000. Joel Isaacson & Co. LLC grew its position in Walt Disney by 13.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 28,013 shares of the entertainment giant’s stock worth $3,119,000 after purchasing an additional 3,272 shares during the last quarter. Finally, Northstar Group Inc. increased its stake in shares of Walt Disney by 8.4% in the fourth quarter. Northstar Group Inc. now owns 30,954 shares of the entertainment giant’s stock valued at $3,447,000 after purchasing an additional 2,406 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 1.1 %

Shares of Walt Disney stock opened at $110.83 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market cap of $200.43 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42. 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 stock has a 50-day moving average price of $112.00 and a 200 day moving average price of $101.07.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. As a group, analysts expect 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 was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is currently 32.57%.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’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 transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DIS shares. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.