Lyell Wealth Management LP Sells 4,225 Shares of The Walt Disney Company (NYSE:DIS)

Lyell Wealth Management LP cut its position in The Walt Disney Company (NYSE:DIS) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,890 shares of the entertainment giant’s stock after selling 4,225 shares during the quarter. Lyell Wealth Management LP’s holdings in Walt Disney were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Jennison Associates LLC boosted its position in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the last quarter. FMR LLC raised its stake in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Walt Disney by 114.4% during the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after buying an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after buying an additional 2,188,610 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DIS. Wells Fargo & Company boosted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. 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 report on Monday, November 18th. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Finally, Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Six 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.85.

Insider Buying and Selling

In related 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 sale, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now 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. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Down 0.8 %

NYSE:DIS opened at $109.48 on Wednesday. The firm’s 50 day simple moving average is $110.95 and its 200 day simple moving average is $102.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market cap of $197.91 billion, a PE ratio of 35.66, a P/E/G ratio of 1.79 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. 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 currently 32.57%.

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.