SOA Wealth Advisors LLC. Trims Position in The Walt Disney Company (NYSE:DIS)

SOA Wealth Advisors LLC. reduced its position in The Walt Disney Company (NYSE:DIS) by 16.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,705 shares of the entertainment giant’s stock after selling 1,974 shares during the period. SOA Wealth Advisors LLC.’s holdings in Walt Disney were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter valued at approximately $35,000. Hager Investment Management Services LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC grew its stake in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial purchased a new stake in shares of Walt Disney during the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth $50,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS opened at $110.83 on Friday. 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 business’s 50 day moving average is $112.00 and its 200-day moving average is $101.07. The stock has a market cap of $200.43 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 5.44% and a return on equity of 9.21%. On average, analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This is a boost 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 payout ratio is presently 32.57%.

Insiders Place Their Bets

In related news, 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 transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Citigroup reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Guggenheim raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI boosted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday. Six research 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, Walt Disney has an average rating of “Moderate Buy” and a consensus target price 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.