TB Alternative Assets Ltd. Sells 163,976 Shares of The Walt Disney Company (NYSE:DIS)

TB Alternative Assets Ltd. cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 61.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,679 shares of the entertainment giant's stock after selling 163,976 shares during the quarter. Walt Disney comprises about 2.9% of TB Alternative Assets Ltd.'s portfolio, making the stock its 12th biggest holding. TB Alternative Assets Ltd.'s holdings in Walt Disney were worth $11,433,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the 2nd quarter worth $32,000. Friedenthal Financial acquired a new stake in shares of Walt Disney during the 4th quarter worth $49,000. First PREMIER Bank increased its position in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant's stock worth $50,000 after purchasing an additional 256 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Walt Disney in the fourth quarter valued at about $50,000. Finally, FSA Wealth Management LLC bought a new stake in Walt Disney during the third quarter worth about $51,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Up 1.6 %

Shares of DIS stock traded up $1.70 on Tuesday, hitting $108.72. The company had a trading volume of 8,632,767 shares, compared to its average volume of 7,000,367. The firm has a market cap of $196.89 billion, a P/E ratio of 40.12, a P/E/G ratio of 1.91 and a beta of 1.43. The stock's 50-day moving average is $112.20 and its two-hundred day moving average is $99.76. 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 twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analysts' expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

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

Analyst Upgrades and Downgrades

DIS has been the topic of several recent analyst reports. Guggenheim raised their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Macquarie restated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, TD Cowen upped their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.54.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company's stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. 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 90 days. 0.10% of the stock is currently owned by corporate insiders.

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.