The Walt Disney Company (NYSE:DIS) Shares Sold by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,922 shares of the entertainment giant’s stock after selling 852 shares during the period. Sage Private Wealth Group LLC’s holdings in Walt Disney were worth $325,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after acquiring an additional 490,681 shares during the period. Geode Capital Management LLC boosted its position in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after purchasing an additional 1,393,082 shares in the last quarter. FMR LLC grew its holdings in Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Jennison Associates LLC increased its position in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock worth $1,332,297,000 after buying an additional 454,678 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of the company’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 value of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Price Performance

DIS stock opened at $109.01 on Wednesday. The stock has a 50-day moving average price of $111.71 and a two-hundred day moving average price of $101.39. The company has a market cap of $197.06 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that The Walt Disney Company will post 5.43 EPS for the current year.

Walt Disney Increases Dividend

The firm 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 represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Analysts Set New Price Targets

DIS has been the topic of several research reports. Morgan Stanley increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Jefferies Financial Group began coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.85.

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.