Pathway Financial Advisers LLC Sells 101,084 Shares of The Walt Disney Company (NYSE:DIS)

Pathway Financial Advisers LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 99.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,062 shares of the entertainment giant’s stock after selling 101,084 shares during the period. Pathway Financial Advisers LLC’s holdings in Walt Disney were worth $118,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Avestar Capital LLC grew its stake in shares of Walt Disney by 10.5% during the 4th quarter. Avestar Capital LLC now owns 15,353 shares of the entertainment giant’s stock valued at $1,711,000 after acquiring an additional 1,464 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Walt Disney by 89.3% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,342 shares of the entertainment giant’s stock worth $706,000 after purchasing an additional 2,992 shares during the period. Naples Global Advisors LLC boosted its position in shares of Walt Disney by 8.7% in the fourth quarter. Naples Global Advisors LLC now owns 16,977 shares of the entertainment giant’s stock worth $1,899,000 after purchasing an additional 1,363 shares during the period. Great Lakes Retirement Inc. raised its position in shares of Walt Disney by 5.0% during the 4th quarter. Great Lakes Retirement Inc. now owns 6,426 shares of the entertainment giant’s stock valued at $716,000 after purchasing an additional 304 shares during the period. Finally, Kentucky Trust Co purchased a new position in shares of Walt Disney during the 4th quarter valued at $971,000. Institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock valued at $44,153,263 over the last 90 days. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Six research 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 company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Stock Performance

NYSE DIS opened at $109.56 on Friday. The business’s 50 day moving average price is $111.41 and its 200-day moving average price is $101.67. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market cap of $198.06 billion, a P/E ratio of 35.69, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts predict that The Walt Disney Company will post 5.43 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. Investors of record on Monday, December 16th were given a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a yield of 0.6%. The ex-dividend date was Monday, December 16th. Walt Disney’s dividend payout ratio is 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.