The Walt Disney Company (NYSE:DIS) Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,156 shares of the entertainment giant’s stock after selling 1,305 shares during the period. Tritonpoint Wealth LLC’s holdings in Walt Disney were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers Trust Co. raised its position in shares of Walt Disney by 1.1% in the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after purchasing an additional 92 shares during the last quarter. Saxon Interests Inc. raised its holdings in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after buying an additional 93 shares during the last quarter. Abundance Wealth Counselors lifted its stake in shares of Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant’s stock worth $1,076,000 after buying an additional 94 shares during the period. Great Diamond Partners LLC grew its holdings in shares of Walt Disney by 1.6% during the fourth quarter. Great Diamond Partners LLC now owns 6,105 shares of the entertainment giant’s stock valued at $680,000 after buying an additional 98 shares during the last quarter. Finally, Smithfield Trust Co increased its position in shares of Walt Disney by 0.5% in the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after acquiring an additional 102 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.3 %

Shares of Walt Disney stock opened at $113.04 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 twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $204.43 billion, a PE ratio of 41.71, a P/E/G ratio of 2.02 and a beta of 1.43. The firm’s 50-day moving average price is $112.34 and its 200 day moving average price is $100.62.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that The Walt Disney Company will post 5.41 EPS for the current fiscal 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 issued a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is presently 36.90%.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. 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. Evercore ISI upped their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Needham & Company LLC raised their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.52.

Insider Transactions at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the business’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 transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares in the company, 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 at this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock valued at $44,153,263 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

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.