Rhumbline Advisers Sells 62,126 Shares of The Walt Disney Company (NYSE:DIS)

Rhumbline Advisers cut its stake in The Walt Disney Company (NYSE:DIS) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,290,842 shares of the entertainment giant’s stock after selling 62,126 shares during the quarter. Rhumbline Advisers owned about 0.18% of Walt Disney worth $366,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter worth about $35,000. Hager Investment Management Services LLC bought a new position in shares of Walt Disney in the 4th quarter worth approximately $43,000. Cedar Mountain Advisors LLC lifted its stake in shares of Walt Disney by 38.1% in the 4th quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 110 shares during the period. Friedenthal Financial bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Walt Disney in the fourth quarter worth $50,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. This 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 worth $44,153,263 in the last 90 days. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DIS shares. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Evercore ISI raised their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Stock Up 0.7 %

Walt Disney stock opened at $110.31 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 fifty day moving average of $111.27 and a 200 day moving average of $101.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The stock has a market cap of $199.42 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. As a group, sell-side analysts predict that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given 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 yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is presently 32.57%.

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.