Parkside Investments LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

Parkside Investments LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,405 shares of the entertainment giant’s stock after selling 2,525 shares during the quarter. Walt Disney accounts for approximately 1.5% of Parkside Investments LLC’s investment portfolio, making the stock its 27th largest holding. Parkside Investments LLC’s holdings in Walt Disney were worth $9,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. McLean Asset Management Corp lifted its stake in Walt Disney by 3.9% during the 4th quarter. McLean Asset Management Corp now owns 2,941 shares of the entertainment giant’s stock valued at $327,000 after acquiring an additional 111 shares during the period. Pacer Advisors Inc. lifted its position in Walt Disney by 6.9% during the fourth quarter. Pacer Advisors Inc. now owns 143,851 shares of the entertainment giant’s stock valued at $16,018,000 after purchasing an additional 9,322 shares during the period. United Asset Strategies Inc. lifted its position in Walt Disney by 0.8% during the fourth quarter. United Asset Strategies Inc. now owns 60,793 shares of the entertainment giant’s stock valued at $6,769,000 after purchasing an additional 507 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Walt Disney during the 4th quarter worth about $1,621,000. Finally, Apexium Financial LP grew its position in Walt Disney by 1,472.0% during the 4th quarter. Apexium Financial LP now owns 123,908 shares of the entertainment giant’s stock worth $13,797,000 after purchasing an additional 116,026 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $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 ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Guggenheim increased their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” 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 two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.52.

Walt Disney Stock Up 1.1 %

DIS stock opened at $112.25 on Monday. The company has a market cap of $203.28 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 1.95 and a beta of 1.43. The firm has a 50-day moving average of $112.46 and a two-hundred day moving average of $100.11. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 firm 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 firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current fiscal 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 a boost 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 payout ratio is presently 36.90%.

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.