The Walt Disney Company (NYSE:DIS) Stake Lowered by Capital Advisors Inc. OK

Capital Advisors Inc. OK reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,487 shares of the entertainment giant’s stock after selling 194 shares during the period. Capital Advisors Inc. OK’s holdings in Walt Disney were worth $1,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at $35,000. Hager Investment Management Services LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC lifted 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 acquired a new stake in shares of Walt Disney in the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at $50,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on 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 $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Six 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.01 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $197.06 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm’s 50-day moving average price is $111.71 and its two-hundred day moving average price is $101.39.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate 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, equities analysts predict that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. This is a positive change 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%.

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.