The Walt Disney Company (NYSE:DIS) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management lowered its stake in The Walt Disney Company (NYSE:DIS) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,731 shares of the entertainment giant’s stock after selling 454 shares during the quarter. Eads & Heald Wealth Management’s holdings in Walt Disney were worth $1,195,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barlow Wealth Partners Inc. boosted its position in Walt Disney by 0.9% in the 4th quarter. Barlow Wealth Partners Inc. now owns 100,666 shares of the entertainment giant’s stock valued at $10,890,000 after buying an additional 852 shares during the period. XML Financial LLC boosted its holdings in Walt Disney by 7.4% in the fourth quarter. XML Financial LLC now owns 14,539 shares of the entertainment giant’s stock valued at $1,619,000 after purchasing an additional 1,005 shares during the period. Simon Quick Advisors LLC grew its stake in Walt Disney by 19.4% during the 4th quarter. Simon Quick Advisors LLC now owns 10,772 shares of the entertainment giant’s stock worth $1,199,000 after purchasing an additional 1,749 shares in the last quarter. MCF Advisors LLC raised its position in Walt Disney by 2.0% in the 4th quarter. MCF Advisors LLC now owns 8,374 shares of the entertainment giant’s stock valued at $935,000 after purchasing an additional 163 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its stake in shares of Walt Disney by 408.6% in the 4th quarter. Aspire Private Capital LLC now owns 4,506 shares of the entertainment giant’s stock valued at $502,000 after buying an additional 3,620 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

Walt Disney stock opened at $108.72 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of $196.89 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. The business has a 50 day simple moving average of $112.20 and a 200-day simple moving average of $99.76. 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 posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

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

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. 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. Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.54.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney 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 completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock valued at $44,153,263 over the last quarter. Company insiders own 0.10% of the company’s stock.

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.