Leisure Capital Management Has $475,000 Position in The Walt Disney Company (NYSE:DIS)

Leisure Capital Management decreased its position in The Walt Disney Company (NYSE:DIS) by 66.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,264 shares of the entertainment giant’s stock after selling 8,394 shares during the quarter. Leisure Capital Management’s holdings in Walt Disney were worth $475,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC grew its position in shares of Walt Disney by 2.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 26,006 shares of the entertainment giant’s stock valued at $2,909,000 after purchasing an additional 622 shares during the last quarter. Catalina Capital Group LLC lifted its position in shares of Walt Disney by 5.4% during the 4th quarter. Catalina Capital Group LLC now owns 6,530 shares of the entertainment giant’s stock worth $727,000 after buying an additional 337 shares during the last quarter. JB Capital LLC lifted its stake in Walt Disney by 13.3% in the 4th quarter. JB Capital LLC now owns 61,147 shares of the entertainment giant’s stock valued at $6,809,000 after purchasing an additional 7,181 shares during the last quarter. Chicago Capital LLC grew its holdings in shares of Walt Disney by 2.1% during the fourth quarter. Chicago Capital LLC now owns 11,793 shares of the entertainment giant’s stock worth $1,313,000 after purchasing an additional 239 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at $421,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In other news, 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 value of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Wells Fargo & Company upped their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen upped their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.52.

Walt Disney Trading Down 0.3 %

Shares of DIS opened at $113.04 on Monday. The stock’s fifty day simple moving average is $112.34 and its 200 day simple moving average is $100.66. The Walt Disney Company has a twelve month low of $83.91 and a twelve 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. The firm has a market capitalization of $204.43 billion, a P/E ratio of 41.71, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating 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 the consensus estimate of $22.49 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The company also recently disclosed 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 represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 36.90%.

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.