The Walt Disney Company (NYSE:DIS) Shares Sold by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 22.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,922 shares of the entertainment giant’s stock after selling 852 shares during the period. Sage Private Wealth Group LLC’s holdings in Walt Disney were worth $325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Jennison Associates LLC increased its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after buying an additional 3,399,359 shares during the last quarter. FMR LLC grew its position in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Walt Disney by 114.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after acquiring an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after acquiring an additional 2,188,610 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.2 %

Walt Disney stock opened at $109.01 on Wednesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The stock has a market capitalization of $197.06 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The firm has a 50 day simple moving average of $111.71 and a 200-day simple moving average of $101.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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 return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts expect that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on DIS shares. Piper Sandler started coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. 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. Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Insiders Place Their Bets

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 stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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. Over the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by corporate insiders.

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.