Legal Advantage Investments Inc. Decreases Position in The Walt Disney Company (NYSE:DIS)

Legal Advantage Investments Inc. lowered its stake in The Walt Disney Company (NYSE:DIS) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,307 shares of the entertainment giant’s stock after selling 565 shares during the quarter. Walt Disney comprises 3.8% of Legal Advantage Investments Inc.’s portfolio, making the stock its 4th biggest holding. Legal Advantage Investments Inc.’s holdings in Walt Disney were worth $7,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter valued at approximately $32,000. Friedenthal Financial purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $49,000. First PREMIER Bank boosted its holdings in shares of Walt Disney by 98.1% in the 3rd 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 purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney in the 3rd quarter worth approximately $51,000. Institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last quarter. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Needham & Company LLC lifted their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. 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 company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

Walt Disney Stock Up 0.6 %

Walt Disney stock opened at $107.07 on Tuesday. 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 business’s 50-day simple moving average is $112.08 and its two-hundred day simple moving average is $99.70. The company has a market cap of $193.90 billion, a PE ratio of 39.51, a PEG ratio of 1.91 and a beta of 1.43. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. Equities analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

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.