Carnegie Lake Advisors LLC Sells 255 Shares of The Walt Disney Company (NYSE:DIS)

Carnegie Lake Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,985 shares of the entertainment giant’s stock after selling 255 shares during the quarter. Walt Disney accounts for about 1.3% of Carnegie Lake Advisors LLC’s portfolio, making the stock its 17th largest position. Carnegie Lake Advisors LLC’s holdings in Walt Disney were worth $3,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Essex Financial Services Inc. increased its stake in shares of Walt Disney by 2.0% in the fourth quarter. Essex Financial Services Inc. now owns 28,721 shares of the entertainment giant’s stock valued at $3,198,000 after buying an additional 566 shares during the period. First Fiduciary Investment Counsel Inc. boosted its holdings in Walt Disney by 5.5% in the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 92,457 shares of the entertainment giant’s stock valued at $10,295,000 after acquiring an additional 4,790 shares during the last quarter. Sapient Capital LLC increased its position in Walt Disney by 1.3% during the 4th quarter. Sapient Capital LLC now owns 220,465 shares of the entertainment giant’s stock valued at $24,658,000 after purchasing an additional 2,911 shares during the period. Equitable Trust Co. raised its holdings in Walt Disney by 16.8% during the 4th quarter. Equitable Trust Co. now owns 10,483 shares of the entertainment giant’s stock worth $1,167,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its position in shares of Walt Disney by 0.5% in the 4th quarter. Bristlecone Advisors LLC now owns 42,656 shares of the entertainment giant’s stock worth $4,750,000 after purchasing an additional 194 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.5 %

Shares of NYSE:DIS opened at $109.23 on Tuesday. The business’s 50 day moving average is $111.87 and its 200 day moving average is $101.26. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market cap of $197.47 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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 6.07% and a return on equity of 9.95%. On average, sell-side analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio is presently 32.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday. Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm’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 owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.16% of the company’s stock.

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.