Forbes J M & Co. LLP Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Forbes J M & Co. LLP trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,765 shares of the entertainment giant’s stock after selling 93 shares during the period. Forbes J M & Co. LLP’s holdings in Walt Disney were worth $1,199,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in shares of Walt Disney by 4.4% during the third quarter. Wedmont Private Capital now owns 16,289 shares of the entertainment giant’s stock valued at $1,505,000 after buying an additional 693 shares during the last quarter. Perpetual Ltd raised its holdings in Walt Disney by 95.1% during the 3rd quarter. Perpetual Ltd now owns 27,701 shares of the entertainment giant’s stock valued at $2,665,000 after buying an additional 13,504 shares during the last quarter. WealthBridge Investment Counsel Inc. boosted its position in Walt Disney by 0.5% during the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 64,486 shares of the entertainment giant’s stock valued at $6,203,000 after buying an additional 300 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Walt Disney by 4.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 5,651 shares of the entertainment giant’s stock worth $544,000 after acquiring an additional 223 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new stake in shares of Walt Disney during the third quarter worth about $1,347,000. Institutional investors own 65.71% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s 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 in the company, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % 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 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Walt Disney Stock Down 1.1 %

DIS stock opened at $110.83 on Friday. 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 Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The stock has a market capitalization of $200.43 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42. The business has a fifty day moving average price of $111.87 and a 200-day moving average price of $101.14.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. 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 company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid 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 was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 32.57%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday. Finally, TD Cowen lifted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.