The Walt Disney Company (NYSE:DIS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,108 shares of the entertainment giant's stock after selling 13,772 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Walt Disney were worth $10,429,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIS. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $43,000. Cedar Mountain Advisors LLC increased its position in shares of Walt Disney by 38.1% during the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock worth $44,000 after purchasing an additional 110 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Walt Disney during the 4th quarter worth about $49,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $1.93 during trading on Friday, reaching $108.62. The company had a trading volume of 9,059,885 shares, compared to its average volume of 8,242,077. The firm has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock's fifty day moving average price is $110.80 and its 200 day moving average price is $102.34. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a 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 payout ratio is presently 32.57%.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 8,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DIS shares. TD Cowen raised their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Macquarie restated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Loop Capital raised their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, November 15th. Evercore ISI raised their target price on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.85.

About Walt Disney

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.