The Walt Disney Company (NYSE:DIS) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,597 shares of the entertainment giant's stock after selling 4,121 shares during the period. Krilogy Financial LLC's holdings in Walt Disney were worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DIS. TruWealth Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $208,000. HB Wealth Management LLC increased its stake in Walt Disney by 3.7% in the fourth quarter. HB Wealth Management LLC now owns 47,168 shares of the entertainment giant's stock valued at $5,252,000 after purchasing an additional 1,692 shares during the last quarter. Integrated Investment Consultants LLC raised its holdings in Walt Disney by 11.6% during the fourth quarter. Integrated Investment Consultants LLC now owns 70,653 shares of the entertainment giant's stock worth $7,867,000 after purchasing an additional 7,360 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Walt Disney by 5.0% during the 4th quarter. Arkadios Wealth Advisors now owns 29,707 shares of the entertainment giant's stock worth $3,308,000 after buying an additional 1,424 shares during the last quarter. Finally, Lake Street Private Wealth LLC boosted its holdings in shares of Walt Disney by 6.3% in the 4th quarter. Lake Street Private Wealth LLC now owns 6,309 shares of the entertainment giant's stock valued at $703,000 after buying an additional 375 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock traded up $0.61 during midday trading on Friday, reaching $107.07. The company's stock had a trading volume of 7,103,097 shares, compared to its average volume of 6,534,095. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market capitalization of $193.90 billion, a PE ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The stock's 50 day simple moving average is $112.08 and its 200 day simple moving average is $99.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 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 firm had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney's dividend payout ratio (DPR) is presently 36.90%.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company's stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. TD Cowen lifted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Raymond James reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Seaport Res Ptn raised Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.54.

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.