Grant GrossMendelsohn LLC Sells 316 Shares of The Walt Disney Company (NYSE:DIS)

Grant GrossMendelsohn LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 9.1% in the fourth quarter, Holdings Channel reports. The firm owned 3,165 shares of the entertainment giant’s stock after selling 316 shares during the quarter. Grant GrossMendelsohn LLC’s holdings in Walt Disney were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Walker Asset Management LLC purchased a new position in Walt Disney in the 4th quarter worth about $203,000. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Walt Disney during the 4th quarter valued at $227,000. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Walt Disney by 4.1% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 5,857 shares of the entertainment giant’s stock valued at $652,000 after buying an additional 233 shares during the period. CNB Bank grew its holdings in shares of Walt Disney by 5.0% in the fourth quarter. CNB Bank now owns 8,149 shares of the entertainment giant’s stock worth $907,000 after acquiring an additional 391 shares during the period. Finally, Saxon Interests Inc. increased its position in Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.6 %

Shares of DIS opened at $107.07 on Friday. The firm has a fifty day moving average price of $111.92 and a 200-day moving average price of $99.62. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $193.90 billion, a P/E ratio of 39.51, a P/E/G ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued its 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. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. During the same period last year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction on Wednesday, November 20th. The stock was 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 approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. TD Cowen boosted their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their target price on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Walt Disney Company 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.