Ieq Capital LLC Sells 71,249 Shares of The Walt Disney Company (NYSE:DIS)

Ieq Capital LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,169 shares of the entertainment giant's stock after selling 71,249 shares during the quarter. Ieq Capital LLC's holdings in Walt Disney were worth $10,597,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the 4th quarter valued at about $35,000. Hager Investment Management Services LLC bought a new stake in Walt Disney in the 4th quarter valued at $43,000. Cedar Mountain Advisors LLC grew its holdings 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 bought a new position in Walt Disney during the 4th quarter worth $49,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $50,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DIS. TD Cowen raised their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Sanford C. Bernstein upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target for the company. Finally, Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Six 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.85.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Walt Disney Trading Down 1.6 %

Shares of DIS traded down $1.81 during trading hours on Friday, hitting $108.74. 5,790,401 shares of the stock were exchanged, compared to its average volume of 8,142,889. The firm has a market capitalization of $196.58 billion, a P/E ratio of 35.45, 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The business has a 50-day moving average of $110.80 and a 200-day moving average of $102.34.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This is a boost from Walt Disney's previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is currently 32.57%.

Walt Disney Company 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.