Embree Financial Group Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Embree Financial Group reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,343 shares of the entertainment giant's stock after selling 5,930 shares during the quarter. Embree Financial Group's holdings in Walt Disney were worth $818,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the second quarter valued at $32,000. Cedar Mountain Advisors LLC lifted its stake in Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock valued at $44,000 after buying an additional 110 shares in the last quarter. Friedenthal Financial acquired a new stake in Walt Disney in the 4th quarter worth about $49,000. First PREMIER Bank boosted its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after buying an additional 256 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $50,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DIS shares. Guggenheim lifted their price target on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 target price on the stock. Rosenblatt Securities increased their target price on shares of Walt Disney from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Piper Sandler started 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 on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $125.52.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 Up 1.1 %

Walt Disney stock traded up $1.21 during trading on Friday, hitting $112.25. The company had a trading volume of 8,299,776 shares, compared to its average volume of 5,629,405. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The stock has a market cap of $203.28 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company's 50 day simple moving average is $112.46 and its 200-day simple moving average is $100.08. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

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

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney's dividend payout ratio is 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.