The Walt Disney Company (NYSE:DIS) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 80,963 shares of the entertainment giant’s stock after selling 2,189 shares during the quarter. Walt Disney makes up 0.9% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 29th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Walt Disney were worth $9,015,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth $50,000. O Keefe Stevens Advisory Inc. grew its stake 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 purchasing an additional 225 shares in the last quarter. Brooklyn Investment Group increased its holdings in Walt Disney by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 11,683 shares of the entertainment giant’s stock worth $1,301,000 after purchasing an additional 669 shares during the period. Merit Financial Group LLC raised its position in Walt Disney by 18.1% in the 4th quarter. Merit Financial Group LLC now owns 38,900 shares of the entertainment giant’s stock valued at $4,331,000 after purchasing an additional 5,955 shares in the last quarter. Finally, Walker Asset Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $107.07 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock has a market capitalization 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 company has a 50-day simple moving average of $111.92 and a 200-day simple moving average of $99.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post 5.41 EPS for the current 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 represents a yield of 0.6%. This is a positive change 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 (DPR) is 36.90%.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction 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. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIS. Rosenblatt Securities upped their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Macquarie reissued a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, Guggenheim raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average 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.