The Walt Disney Company (NYSE:DIS) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 5,525 shares of the entertainment giant’s stock after selling 170 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Walt Disney were worth $615,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Czech National Bank grew its holdings in Walt Disney by 6.3% during the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after acquiring an additional 21,998 shares in the last quarter. Reliant Investment Management LLC increased its holdings in shares of Walt Disney by 1.3% in the 3rd quarter. Reliant Investment Management LLC now owns 41,322 shares of the entertainment giant’s stock valued at $3,975,000 after acquiring an additional 535 shares during the last quarter. Leibman Financial Services Inc. increased its stake in Walt Disney by 18.2% in the third quarter. Leibman Financial Services Inc. now owns 44,916 shares of the entertainment giant’s stock valued at $4,320,000 after purchasing an additional 6,918 shares during the last quarter. Trust Co of Kansas grew its position in shares of Walt Disney by 2.9% in the 3rd quarter. Trust Co of Kansas now owns 50,537 shares of the entertainment giant’s stock valued at $4,861,000 after buying an additional 1,428 shares during the last quarter. Finally, Brookstone Capital Management grew its position in shares of Walt Disney by 10.3% in the 3rd quarter. Brookstone Capital Management now owns 127,544 shares of the entertainment giant’s stock valued at $12,268,000 after buying an additional 11,864 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 2.6 %

Walt Disney stock opened at $110.41 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market capitalization of $199.67 billion, a P/E ratio of 40.74, a P/E/G ratio of 2.02 and a beta of 1.42. The company has a 50-day simple moving average of $112.26 and a 200-day simple moving average of $100.89.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. As a group, equities analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current 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 issued a $0.50 dividend. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is presently 36.90%.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI upped their target price 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. Rosenblatt Securities increased their price target on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Six research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.65.

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.