The Walt Disney Company (NYSE:DIS) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,951 shares of the entertainment giant’s stock after selling 1,068 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Walt Disney were worth $3,224,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Retirement Planning Group LLC raised its stake in Walt Disney by 17.5% in the 3rd quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock valued at $408,000 after purchasing an additional 632 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Walt Disney by 38.3% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 718 shares in the last quarter. Smith Chas P & Associates PA Cpas grew its holdings in Walt Disney by 2.9% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 5,476 shares of the entertainment giant’s stock valued at $527,000 after buying an additional 156 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Walt Disney by 8.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock valued at $348,000 after buying an additional 270 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in Walt Disney by 178.7% in the 3rd quarter. Grove Bank & Trust now owns 16,844 shares of the entertainment giant’s stock valued at $1,620,000 after buying an additional 10,800 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction 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 transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 over the last three months. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DIS. Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Price Performance

DIS stock opened at $109.23 on Tuesday. 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 Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm has a market capitalization of $197.47 billion, a P/E ratio of 35.58, a P/E/G ratio of 1.95 and a beta of 1.42. The business’s 50-day moving average is $111.87 and its two-hundred day moving average is $101.26.

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

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s payout ratio is 32.57%.

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.