Savoie Capital LLC Has $4.57 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Savoie Capital LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 47,491 shares of the entertainment giant’s stock after selling 6,300 shares during the period. Savoie Capital LLC’s holdings in Walt Disney were worth $4,568,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. lifted its stake in Walt Disney by 11.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 58,629 shares of the entertainment giant’s stock valued at $5,822,000 after acquiring an additional 6,219 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Walt Disney by 894.6% in the 2nd quarter. ORG Partners LLC now owns 4,794 shares of the entertainment giant’s stock worth $470,000 after buying an additional 4,312 shares during the last quarter. Addenda Capital Inc. increased its position in shares of Walt Disney by 4.2% during the second quarter. Addenda Capital Inc. now owns 144,226 shares of the entertainment giant’s stock valued at $14,320,000 after acquiring an additional 5,771 shares during the last quarter. Tsfg LLC boosted its position in Walt Disney by 4.3% in the second quarter. Tsfg LLC now owns 3,602 shares of the entertainment giant’s stock worth $358,000 after purchasing an additional 147 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC grew its stake in Walt Disney by 12.7% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 9,175 shares of the entertainment giant’s stock valued at $911,000 after purchasing an additional 1,036 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $114.64 on Tuesday. The firm has a fifty day simple moving average of $103.07 and a two-hundred day simple moving average of $97.73. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $207.61 billion, a PE ratio of 42.30, a P/E/G ratio of 2.09 and a beta of 1.42. 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) last announced its quarterly 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. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Walt Disney’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.50 per share. This is a positive change 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 dividend payout ratio (DPR) is currently 36.90%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Loop Capital boosted their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley increased their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.67.

Insider Buying and Selling at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $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. 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.