The Walt Disney Company (NYSE:DIS) Shares Sold by JSF Financial LLC

JSF Financial LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,831 shares of the entertainment giant’s stock after selling 2,269 shares during the quarter. Walt Disney comprises 0.6% of JSF Financial LLC’s portfolio, making the stock its 29th biggest position. JSF Financial LLC’s holdings in Walt Disney were worth $2,097,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Retirement Planning Group LLC boosted its holdings in Walt Disney by 17.5% in the 3rd quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock worth $408,000 after acquiring an additional 632 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Walt Disney by 38.3% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,591 shares of the entertainment giant’s stock valued at $249,000 after purchasing an additional 718 shares during the period. Smith Chas P & Associates PA Cpas grew its holdings in Walt Disney by 2.9% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 5,476 shares of the entertainment giant’s stock valued at $527,000 after purchasing an additional 156 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Walt Disney by 8.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 3,615 shares of the entertainment giant’s stock worth $348,000 after buying an additional 270 shares during the period. Finally, Grove Bank & Trust lifted its holdings in Walt Disney by 178.7% in the 3rd quarter. Grove Bank & Trust now owns 16,844 shares of the entertainment giant’s stock worth $1,620,000 after buying an additional 10,800 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Evercore ISI upped their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Stock Performance

Shares of DIS stock opened at $109.23 on Tuesday. The business has a 50 day simple moving average of $111.87 and a 200 day simple moving average of $101.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The firm has a market capitalization of $197.47 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. 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 data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts anticipate that The Walt Disney Company will post 5.43 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. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 32.57%.

Insider Activity

In other news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value 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 $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

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.