The Walt Disney Company (NYSE:DIS) Holdings Cut by Sachetta LLC

Sachetta LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.4% during the 4th quarter, HoldingsChannel reports. The fund owned 8,842 shares of the entertainment giant’s stock after selling 410 shares during the period. Sachetta LLC’s holdings in Walt Disney were worth $986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the 2nd quarter worth $32,000. Friedenthal Financial acquired a new stake in shares of Walt Disney in the fourth quarter worth about $49,000. First PREMIER Bank increased its holdings in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC acquired a new stake in Walt Disney in the 3rd quarter worth approximately $51,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE DIS opened at $112.25 on Friday. The firm has a market cap of $203.28 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. 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 Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a 50 day moving average of $112.52 and a 200-day moving average of $99.98.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.41 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. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. 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 dividend yield of 0.6%. Walt Disney’s payout ratio is currently 36.90%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. TD Cowen increased their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $125.52.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % 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 0.10% 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.