Bartlett & CO. Wealth Management LLC Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Bartlett & CO. Wealth Management LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 15.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 210,258 shares of the entertainment giant’s stock after selling 38,734 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Walt Disney were worth $23,519,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter worth $32,000. Friedenthal Financial purchased a new stake in Walt Disney during the 4th quarter worth $49,000. First PREMIER Bank lifted its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Walt Disney in the 4th quarter valued at about $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Walt Disney during the third quarter valued at about $51,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock valued at $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DIS. Loop Capital increased their price target on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI increased their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Rosenblatt Securities increased their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.52.

Walt Disney Trading Up 0.1 %

NYSE:DIS opened at $108.86 on Thursday. The stock has a market cap of $197.14 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.94 and a beta of 1.43. The business has a fifty day moving average of $112.35 and a 200-day moving average of $99.83. The Walt Disney Company has a 1 year low of $83.91 and a 1 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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $22.49 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities 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 declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

About Walt Disney

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.