Carl P. Sherr & Co. LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Carl P. Sherr & Co. LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,545 shares of the entertainment giant’s stock after selling 309 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Walt Disney were worth $1,286,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Navellier & Associates Inc. boosted its holdings in Walt Disney by 21.4% during the fourth quarter. Navellier & Associates Inc. now owns 6,871 shares of the entertainment giant’s stock worth $765,000 after buying an additional 1,210 shares in the last quarter. Prentice Wealth Management LLC increased its holdings in Walt Disney by 5.6% in the fourth quarter. Prentice Wealth Management LLC now owns 6,355 shares of the entertainment giant’s stock valued at $708,000 after buying an additional 336 shares in the last quarter. Matauro LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $376,000. Variant Private Wealth LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth about $1,250,000. Finally, Red Wave Investments LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein upped their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Citigroup reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.44.

Walt Disney Stock Down 1.7 %

Shares of NYSE:DIS opened at $108.62 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $110.70 and a two-hundred day moving average of $102.39. The stock has a market cap of $196.37 billion, a P/E ratio of 35.38, a PEG ratio of 1.81 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently declared 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%. The ex-dividend date was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is presently 32.57%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on 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 $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

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.