The Walt Disney Company (NYSE:DIS) Shares Sold by Leibman Financial Services Inc.

Leibman Financial Services Inc. cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,540 shares of the entertainment giant's stock after selling 13,376 shares during the quarter. Walt Disney comprises about 2.6% of Leibman Financial Services Inc.'s holdings, making the stock its 13th largest position. Leibman Financial Services Inc.'s holdings in Walt Disney were worth $3,512,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the second quarter worth $32,000. Friedenthal Financial bought a new stake in Walt Disney during the fourth quarter valued at about $49,000. First PREMIER Bank grew its position 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 worth $50,000 after purchasing an additional 256 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Walt Disney in the third quarter worth about $51,000. Finally, Birch Capital Management LLC bought a new stake in Walt Disney in the fourth quarter worth $56,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company's stock in a transaction 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 of the company's stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company's stock.

Walt Disney Stock Down 0.0 %

Walt Disney stock traded down $0.05 during mid-day trading on Tuesday, reaching $108.03. The stock had a trading volume of 5,498,288 shares, compared to its average volume of 6,758,016. 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 $195.64 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43. 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 stock's 50-day simple moving average is $111.36 and its 200-day simple moving average is $99.47.

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. 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 analysts' expectations of $22.49 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be given 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 of this dividend is Monday, December 16th. Walt Disney's payout ratio is presently 36.90%.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Seaport Res Ptn upgraded shares of Walt Disney from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price target for the company. Finally, Needham & Company LLC increased their price target on Walt Disney from $110.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus 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.