Yacktman Asset Management LP Sells 2,643 Shares of The Walt Disney Company (NYSE:DIS)

Yacktman Asset Management LP trimmed its holdings in The Walt Disney Company (NYSE:DISFree Report) by 0.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,661,542 shares of the entertainment giant’s stock after selling 2,643 shares during the quarter. Yacktman Asset Management LP owned about 0.09% of Walt Disney worth $134,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich raised its position in Walt Disney by 102,919.5% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock worth $40,939,886,000 after purchasing an additional 458,110,957 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Walt Disney by 109,924.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares during the last quarter. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter valued at $1,433,075,000. Trian Fund Management L.P. acquired a new position in shares of Walt Disney during the fourth quarter valued at $784,509,000. Finally, Morgan Stanley boosted its holdings in Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares during the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 18,788 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.99, for a total value of $1,747,096.12. Following the sale, the executive vice president now owns 33,586 shares in the company, valued at approximately $3,123,162.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the sale, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 18,788 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $92.99, for a total value of $1,747,096.12. Following the sale, the executive vice president now owns 33,586 shares in the company, valued at approximately $3,123,162.14. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Guggenheim cut their target price on shares of Walt Disney from $125.00 to $115.00 in a research report on Tuesday, October 10th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a report on Wednesday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of Walt Disney from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 10th. Seaport Res Ptn reiterated a “buy” rating on shares of Walt Disney in a research report on Friday, October 6th. Finally, Bank of America reduced their price target on Walt Disney from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $109.40.

Read Our Latest Stock Analysis on Walt Disney

Walt Disney Stock Performance

Shares of DIS stock opened at $90.36 on Thursday. The company has a market capitalization of $165.39 billion, a P/E ratio of 70.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $118.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.05. The company’s 50 day moving average price is $91.96 and its two-hundred day moving average price is $87.21.

Walt Disney (NYSE:DISGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The entertainment giant reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.15. The business had revenue of $21.24 billion for the quarter, compared to analyst estimates of $21.37 billion. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. On average, analysts expect that The Walt Disney Company will post 4.38 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Monday, December 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. Walt Disney’s dividend payout ratio is currently 23.44%.

Walt Disney Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DISFree Report).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.