Atwater Malick LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Atwater Malick LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,091 shares of the entertainment giant’s stock after selling 2,935 shares during the period. Walt Disney makes up 2.3% of Atwater Malick LLC’s investment portfolio, making the stock its 20th biggest holding. Atwater Malick LLC’s holdings in Walt Disney were worth $6,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DIS. Retirement Wealth Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $50,000. O Keefe Stevens Advisory Inc. raised its position in Walt Disney by 10.2% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,424 shares of the entertainment giant’s stock worth $270,000 after buying an additional 225 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Walt Disney by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 11,683 shares of the entertainment giant’s stock worth $1,301,000 after acquiring an additional 669 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Walt Disney by 18.1% in the fourth quarter. Merit Financial Group LLC now owns 38,900 shares of the entertainment giant’s stock valued at $4,331,000 after acquiring an additional 5,955 shares in the last quarter. Finally, Walker Asset Management LLC acquired a new position in shares of Walt Disney during the fourth quarter worth about $203,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction 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 ownership of the stock. 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.

Walt Disney Stock Up 0.6 %

DIS opened at $107.07 on Friday. The business’s fifty day simple moving average is $111.92 and its 200 day simple moving average is $99.62. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm has a market cap of $193.90 billion, a P/E ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. 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 issued its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DIS shares. Wells Fargo & Company raised their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Bank of America raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities upped their price target on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.54.

About Walt Disney

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.