Marble Harbor Investment Counsel LLC Sells 5,281 Shares of Walt Disney Co (NYSE:DIS)

Marble Harbor Investment Counsel LLC cut its stake in Walt Disney Co (NYSE:DIS) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,525 shares of the entertainment giant’s stock after selling 5,281 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Walt Disney were worth $5,572,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DIS. JJJ Advisors Inc. boosted its holdings in Walt Disney by 96.8% in the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC bought a new position in shares of Walt Disney during the 3rd quarter worth approximately $36,000. Wealthcare Capital Management LLC boosted its holdings in shares of Walt Disney by 66.5% during the 4th quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock worth $48,000 after buying an additional 133 shares in the last quarter. Price Wealth LLC boosted its holdings in shares of Walt Disney by 601.8% during the 4th quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock worth $58,000 after buying an additional 343 shares in the last quarter. Finally, Bourgeon Capital Management LLC bought a new position in shares of Walt Disney during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Shares of NYSE:DIS opened at $140.90 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Walt Disney Co has a twelve month low of $107.32 and a twelve month high of $153.41. The stock’s 50 day moving average is $143.04 and its 200-day moving average is $139.53. The firm has a market capitalization of $254.39 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 5.21 and a beta of 1.00.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The company had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.84 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. Walt Disney’s revenue for the quarter was up 36.3% on a year-over-year basis. Equities research analysts anticipate that Walt Disney Co will post 5.38 earnings per share for the current fiscal year.

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.88 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, December 13th. Walt Disney’s payout ratio is 30.50%.

In other news, EVP Alan N. Braverman sold 3,107 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total transaction of $454,056.98. Following the transaction, the executive vice president now directly owns 104,358 shares of the company’s stock, valued at $15,250,878.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $152.16, for a total value of $608,640.00. Following the transaction, the executive vice president now directly owns 36,479 shares in the company, valued at $5,550,644.64. The disclosure for this sale can be found here. Insiders have sold 10,258 shares of company stock worth $1,525,940 over the last ninety days. 0.31% of the stock is owned by insiders.

DIS has been the topic of a number of research analyst reports. Cowen increased their price target on Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Zacks Investment Research cut Walt Disney from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Wednesday, February 5th. Consumer Edge initiated coverage on Walt Disney in a report on Monday, November 25th. They set an “overweight” rating and a $175.00 price target on the stock. Guggenheim increased their price target on Walt Disney from to in a report on Wednesday, February 5th. Finally, Morgan Stanley increased their price target on Walt Disney from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $160.36.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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