Perigon Wealth Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,922 shares of the entertainment giant's stock after selling 4,753 shares during the quarter. Perigon Wealth Management LLC's holdings in Walt Disney were worth $8,721,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the 2nd quarter worth $32,000. Cedar Mountain Advisors LLC boosted its holdings in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant's stock worth $44,000 after buying an additional 110 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Walt Disney in the 4th quarter valued at about $49,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $50,000. Finally, Birch Capital Management LLC bought a new position in Walt Disney during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Insiders Place Their Bets
In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares of the company's stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last ninety days. 0.10% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms have weighed in on DIS. Citigroup reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Macquarie restated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 target price for the company. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.52.
Get Our Latest Research Report on DIS
Walt Disney Stock Performance
Shares of Walt Disney stock traded down $1.08 during trading on Tuesday, hitting $112.26. 6,511,086 shares of the stock were exchanged, compared to its average volume of 7,376,900. 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 company has a fifty day moving average price of $112.45 and a 200-day moving average price of $100.22. The stock has a market capitalization of $203.30 billion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. 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 announced its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. 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 business earned $0.82 earnings per share. The business's revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal year.
Walt Disney Increases Dividend
The firm 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 (DPR) is currently 36.90%.
About Walt Disney
(
Free Report)
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.
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