The Walt Disney Company (NYSE:DIS) Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,817 shares of the entertainment giant’s stock after selling 962 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Walt Disney were worth $539,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Walt Disney by 0.6% during the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after acquiring an additional 490,681 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after acquiring an additional 1,393,082 shares in the last quarter. FMR LLC increased its holdings in shares of Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after acquiring an additional 425,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after acquiring an additional 454,678 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was 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 directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value 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. This represents a 62.15 % 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 three months. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Up 1.6 %

Shares of DIS stock opened at $108.72 on Wednesday. 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 company has a market cap of $196.89 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 1.91 and a beta of 1.43. The stock has a 50 day simple moving average of $112.20 and a 200-day simple moving average of $99.76. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

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 the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a dividend yield of 0.6%. 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. Walt Disney’s dividend payout ratio is presently 36.90%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Evercore ISI upped their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen upped their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

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.