Lincoln Capital LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Lincoln Capital LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,832 shares of the entertainment giant's stock after selling 3,415 shares during the period. Walt Disney accounts for about 2.1% of Lincoln Capital LLC's portfolio, making the stock its 11th largest position. Lincoln Capital LLC's holdings in Walt Disney were worth $10,003,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter worth approximately $32,000. Friedenthal Financial bought a new stake in Walt Disney during the 4th quarter valued at $49,000. Retirement Wealth Solutions LLC acquired a new position in Walt Disney during the fourth quarter worth $50,000. Birch Capital Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $56,000. Finally, First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock valued at $50,000 after buying an additional 256 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DIS shares. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price on the stock. Macquarie reaffirmed a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Bank of America increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Seaport Res Ptn raised shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.54.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 transaction, the chief executive officer now directly owns 226,767 shares of the company's stock, valued at $25,980,695.19. The trade was a 62.15 % 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 over the last three months. Company insiders own 0.10% of the company's stock.

Walt Disney Stock Performance

DIS traded up $0.61 during trading hours on Monday, hitting $107.07. The stock had a trading volume of 7,103,097 shares, compared to its average volume of 6,534,095. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company's fifty day simple moving average is $112.08 and its 200 day simple moving average is $99.70. The stock has a market cap of $193.90 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

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

Walt Disney Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is an increase from Walt Disney's previous semi-annual dividend of $0.45. Walt Disney's dividend payout ratio is currently 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.