Affiance Financial LLC decreased its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,349 shares of the entertainment giant’s stock after selling 267 shares during the quarter. Affiance Financial LLC’s holdings in Walt Disney were worth $373,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Moody Lynn & Lieberson LLC raised its stake in Walt Disney by 2.3% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 9,777 shares of the entertainment giant’s stock valued at $1,089,000 after buying an additional 221 shares during the last quarter. Patton Albertson Miller Group LLC raised its position in shares of Walt Disney by 7.8% in the 4th quarter. Patton Albertson Miller Group LLC now owns 52,865 shares of the entertainment giant’s stock valued at $5,887,000 after purchasing an additional 3,827 shares during the last quarter. Jacksonville Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $650,000. Insight Inv LLC boosted its stake in Walt Disney by 8.6% in the 4th quarter. Insight Inv LLC now owns 18,757 shares of the entertainment giant’s stock worth $2,089,000 after purchasing an additional 1,491 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its position in Walt Disney by 8.0% during the 4th quarter. Toth Financial Advisory Corp now owns 62,852 shares of the entertainment giant’s stock worth $6,999,000 after purchasing an additional 4,642 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Walt Disney news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 in the last 90 days. Insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Walt Disney
Walt Disney Stock Performance
Shares of DIS stock opened at $112.25 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s 50 day moving average is $112.46 and its two-hundred day moving average is $100.07. The company has a market capitalization of $203.28 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.95 and a beta of 1.43.
Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates 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 quarter 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 business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 36.90%.
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.
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