Tsfg LLC Sells 151 Shares of The Walt Disney Company (NYSE:DIS)

Tsfg LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,264 shares of the entertainment giant’s stock after selling 151 shares during the period. Tsfg LLC’s holdings in Walt Disney were worth $363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter valued at approximately $32,000. Friedenthal Financial purchased a new position in Walt Disney in the fourth quarter worth $49,000. First PREMIER Bank grew its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Walt Disney during the 3rd quarter valued at $51,000. Finally, Birch Capital Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Sanford C. Bernstein increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen increased their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $125.54.

Insiders Place Their Bets

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the firm’s 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 in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated 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 owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.5 %

Walt Disney stock opened at $108.08 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market cap of $195.73 billion, a P/E ratio of 39.88, a PEG ratio of 2.03 and a beta of 1.43. The firm’s fifty day moving average price is $111.36 and its 200-day moving average price is $99.47.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. Equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. Walt Disney’s payout ratio is presently 36.90%.

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.