Liberty Capital Management Inc. Sells 792 Shares of The Walt Disney Company (NYSE:DIS)

Liberty Capital Management Inc. cut its position in The Walt Disney Company (NYSE:DIS) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,836 shares of the entertainment giant’s stock after selling 792 shares during the period. Liberty Capital Management Inc.’s holdings in Walt Disney were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Coronation Fund Managers Ltd. raised its stake in Walt Disney by 1.7% in the 4th quarter. Coronation Fund Managers Ltd. now owns 187,785 shares of the entertainment giant’s stock valued at $20,910,000 after acquiring an additional 3,054 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth about $454,000. Kestra Private Wealth Services LLC raised its position in shares of Walt Disney by 16.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 81,303 shares of the entertainment giant’s stock valued at $9,053,000 after purchasing an additional 11,448 shares during the period. Robinson Value Management Ltd. lifted its stake in shares of Walt Disney by 1.0% during the 4th quarter. Robinson Value Management Ltd. now owns 33,369 shares of the entertainment giant’s stock valued at $3,716,000 after buying an additional 336 shares in the last quarter. Finally, Family Capital Trust Co boosted its holdings in Walt Disney by 15.7% in the 4th quarter. Family Capital Trust Co now owns 52,643 shares of the entertainment giant’s stock worth $5,862,000 after buying an additional 7,149 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIS. Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Sanford C. Bernstein raised their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Six 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Stock Down 1.1 %

Shares of DIS opened at $110.83 on Monday. 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 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $111.87 and a two-hundred day simple moving average of $101.19. The firm has a market cap of $200.36 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, analysts forecast that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This is a boost 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%.

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.