Mine & Arao Wealth Creation & Management LLC. Has $606,000 Stake in The Walt Disney Company (NYSE:DIS)

Mine & Arao Wealth Creation & Management LLC. reduced its stake in The Walt Disney Company (NYSE:DIS) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,444 shares of the entertainment giant’s stock after selling 299 shares during the quarter. Mine & Arao Wealth Creation & Management LLC.’s holdings in Walt Disney were worth $606,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DIS. Oak Harvest Investment Services acquired a new position in Walt Disney during the 4th quarter worth $6,866,000. Cibc World Market Inc. lifted its position in shares of Walt Disney by 52.3% during the 4th quarter. Cibc World Market Inc. now owns 1,079,191 shares of the entertainment giant’s stock worth $120,168,000 after purchasing an additional 370,531 shares during the last quarter. Hixon Zuercher LLC boosted its stake in Walt Disney by 2.3% during the 4th quarter. Hixon Zuercher LLC now owns 23,136 shares of the entertainment giant’s stock valued at $2,576,000 after purchasing an additional 513 shares during the period. Dumont & Blake Investment Advisors LLC grew its holdings in Walt Disney by 12.8% in the 4th quarter. Dumont & Blake Investment Advisors LLC now owns 18,780 shares of the entertainment giant’s stock valued at $2,091,000 after buying an additional 2,124 shares during the last quarter. Finally, RVW Wealth LLC grew its holdings in Walt Disney by 19.9% in the 4th quarter. RVW Wealth LLC now owns 7,221 shares of the entertainment giant’s stock valued at $804,000 after buying an additional 1,198 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 226,767 shares in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 in the last quarter. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $113.30 on Friday. The company has a 50 day moving average price of $112.43 and a 200 day moving average price of $100.44. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $204.89 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Walt Disney’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts forecast that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 36.90%.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. TD Cowen boosted their target price 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. Bank of America boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities boosted their price target on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Five 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

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.