Hemington Wealth Management Sells 128 Shares of The Walt Disney Company (NYSE:DIS)

Hemington Wealth Management reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,523 shares of the entertainment giant’s stock after selling 128 shares during the quarter. Hemington Wealth Management’s holdings in Walt Disney were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its stake in shares of Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Walt Disney by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after buying an additional 114,701 shares during the period. Brookstone Capital Management raised its stake in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares during the period. Summit Global Investments grew its position in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after purchasing an additional 10,230 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of Walt Disney in the fourth quarter valued at $15,125,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DIS shares. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their price target on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Finally, Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Trading Up 0.2 %

NYSE DIS opened at $109.25 on Thursday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $111.56 and a 200-day moving average of $101.53. The firm has a market cap of $197.50 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

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

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 in the last 90 days. Insiders own 0.16% of the company’s stock.

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.