IMS Capital Management Has $580,000 Holdings in The Walt Disney Company (NYSE:DIS)

IMS Capital Management trimmed its position in The Walt Disney Company (NYSE:DIS) by 70.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,208 shares of the entertainment giant’s stock after selling 12,630 shares during the period. IMS Capital Management’s holdings in Walt Disney were worth $580,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its stake in Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after purchasing an additional 114,701 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments grew its holdings in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in Walt Disney during the fourth quarter valued at $15,125,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.56 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The firm has a fifty day simple moving average of $111.41 and a 200-day simple moving average of $101.67. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $198.06 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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, sell-side analysts expect that The Walt Disney Company will post 5.43 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the 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 completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’s 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 in the last 90 days. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on DIS shares. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. TD Cowen boosted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Evercore ISI upped their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price 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.