Diversify Advisory Services LLC Sells 7,139 Shares of The Walt Disney Company (NYSE:DIS)

Diversify Advisory Services LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,601 shares of the entertainment giant’s stock after selling 7,139 shares during the period. Diversify Advisory Services LLC’s holdings in Walt Disney were worth $3,107,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney in the second quarter worth $32,000. Friedenthal Financial purchased a new position in Walt Disney during the fourth quarter worth about $49,000. Retirement Wealth Solutions LLC bought a new position in Walt Disney in the 4th quarter worth about $50,000. Birch Capital Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $56,000. Finally, First PREMIER Bank boosted its position in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.6 %

Shares of Walt Disney stock opened at $107.07 on Monday. 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 firm has a market cap of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The business has a 50-day moving average price of $112.08 and a 200-day moving average price of $99.69.

Walt Disney (NYSE:DIS) last posted its 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 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 period in the previous year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Rosenblatt Securities lifted their price target on Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Bank of America upped 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. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.54.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value 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 represents a 62.15 % decrease in their position. 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 90 days. 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.