Sargent Investment Group LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Sargent Investment Group LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,316 shares of the entertainment giant’s stock after selling 508 shares during the period. Sargent Investment Group LLC’s holdings in Walt Disney were worth $466,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank raised its position in Walt Disney by 6.3% during the third quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock valued at $35,532,000 after purchasing an additional 21,998 shares during the period. Reliant Investment Management LLC grew its stake in Walt Disney by 1.3% in the third quarter. Reliant Investment Management LLC now owns 41,322 shares of the entertainment giant’s stock worth $3,975,000 after purchasing an additional 535 shares in the last quarter. Leibman Financial Services Inc. grew its stake in Walt Disney by 18.2% in the third quarter. Leibman Financial Services Inc. now owns 44,916 shares of the entertainment giant’s stock worth $4,320,000 after purchasing an additional 6,918 shares in the last quarter. Trust Co of Kansas lifted its holdings in Walt Disney by 2.9% during the third quarter. Trust Co of Kansas now owns 50,537 shares of the entertainment giant’s stock worth $4,861,000 after buying an additional 1,428 shares during the period. Finally, Brookstone Capital Management lifted its holdings in Walt Disney by 10.3% during the third quarter. Brookstone Capital Management now owns 127,544 shares of the entertainment giant’s stock worth $12,268,000 after buying an additional 11,864 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, 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 value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, 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 sold 385,412 shares of company stock worth $44,153,263 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Guggenheim increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Finally, Rosenblatt Securities raised their target price on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.65.

Walt Disney Stock Performance

NYSE DIS opened at $110.41 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 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 company has a market capitalization of $199.67 billion, a PE ratio of 40.74, a P/E/G ratio of 2.02 and a beta of 1.42. The company has a fifty day moving average of $112.26 and a two-hundred day moving average of $100.89.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. As a group, analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a yield of 0.6%. 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. Walt Disney’s dividend payout ratio is currently 36.90%.

Walt Disney Company 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.