Newman Dignan & Sheerar Inc. Sells 316 Shares of The Walt Disney Company (NYSE:DIS)

Newman Dignan & Sheerar Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,907 shares of the entertainment giant’s stock after selling 316 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Walt Disney were worth $880,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at about $35,000. Hager Investment Management Services LLC bought a new position in shares of Walt Disney in the fourth quarter valued at about $43,000. Cedar Mountain Advisors LLC raised its position in shares of Walt Disney by 38.1% in the fourth 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 period. Friedenthal Financial bought a new position in shares of Walt Disney in the fourth quarter valued at about $49,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Walt Disney in the fourth quarter valued at about $50,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.7 %

DIS opened at $110.31 on Friday. The company’s 50 day moving average is $111.14 and its 200-day moving average is $101.78. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. 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 company has a market cap of $199.42 billion, a P/E ratio of 35.93, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Equities research analysts predict that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on 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 in the company, 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. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DIS. Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Guggenheim 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 report on Friday, November 15th. Jefferies Financial Group began coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Finally, Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Six 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.