Dakota Wealth Management Sells 3,774 Shares of The Walt Disney Company (NYSE:DIS)

Dakota Wealth Management decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 87,196 shares of the entertainment giant’s stock after selling 3,774 shares during the period. Dakota Wealth Management’s holdings in Walt Disney were worth $9,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Certified Advisory Corp bought a new position in shares of Walt Disney in the second quarter worth about $1,218,000. Farallon Capital Management LLC bought a new position in Walt Disney during the 2nd quarter worth about $355,673,000. Providence Capital Advisors LLC grew its holdings in Walt Disney by 1.2% during the 2nd quarter. Providence Capital Advisors LLC now owns 61,919 shares of the entertainment giant’s stock worth $6,148,000 after acquiring an additional 714 shares in the last quarter. Mill Creek Capital Advisors LLC grew its holdings in Walt Disney by 0.4% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 32,610 shares of the entertainment giant’s stock worth $3,238,000 after acquiring an additional 141 shares in the last quarter. Finally, ValueAct Holdings L.P. grew its holdings in Walt Disney by 13.2% during the 2nd quarter. ValueAct Holdings L.P. now owns 6,133,631 shares of the entertainment giant’s stock worth $609,008,000 after acquiring an additional 715,000 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.6 %

DIS stock opened at $108.72 on Wednesday. The business has a fifty day moving average price of $112.20 and a 200 day moving average price of $99.76. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market capitalization of $196.89 billion, a price-to-earnings ratio of 40.12, a P/E/G ratio of 1.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. Analysts expect that The Walt Disney Company will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced 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 is a boost from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DIS. Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities increased their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Needham & Company LLC lifted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Sanford C. Bernstein lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.54.

Insider Activity

In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 transaction, the chief executive officer now directly owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock valued at $44,153,263. Company insiders own 0.10% of the company’s stock.

Walt Disney 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.