The Walt Disney Company (NYSE:DIS) Shares Sold by Whitener Capital Management Inc.

Whitener Capital Management Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,500 shares of the entertainment giant’s stock after selling 400 shares during the quarter. Whitener Capital Management Inc.’s holdings in Walt Disney were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DIS. William B. Walkup & Associates Inc. acquired a new position in Walt Disney during the second quarter worth $32,000. Friedenthal Financial purchased a new stake in shares of Walt Disney during the fourth quarter worth about $49,000. First PREMIER Bank increased its stake in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at $51,000. Finally, Birch Capital Management LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at about $56,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock opened at $107.07 on Friday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $193.90 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The firm has a 50 day moving average of $111.92 and a 200-day moving average of $99.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 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 prior year, the company posted $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Loop Capital lifted 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. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. 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, Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.54.

Insider Buying and Selling at Walt Disney

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 transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

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.