The Walt Disney Company (NYSE:DIS) Stock Holdings Lessened by Leisure Capital Management

Leisure Capital Management lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 66.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,264 shares of the entertainment giant’s stock after selling 8,394 shares during the quarter. Leisure Capital Management’s holdings in Walt Disney were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers Trust Co. raised its position in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares during the period. Saxon Interests Inc. increased its position in Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after buying an additional 93 shares during the period. Abundance Wealth Counselors lifted its stake in Walt Disney by 1.0% in the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock valued at $1,076,000 after buying an additional 94 shares during the last quarter. Great Diamond Partners LLC boosted its holdings in shares of Walt Disney by 1.6% during the fourth quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock valued at $680,000 after acquiring an additional 98 shares during the period. Finally, Smithfield Trust Co grew its position in shares of Walt Disney by 0.5% during the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock worth $1,809,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS opened at $113.04 on Monday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $204.43 billion, a P/E ratio of 41.71, a PEG ratio of 2.02 and a beta of 1.42. The stock has a fifty day moving average of $112.34 and a 200-day moving average of $100.66.

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

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Bank of America raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five investment 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. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.16% of the stock is owned by insiders.

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.