Stratos Wealth Partners LTD. Has $12.48 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Stratos Wealth Partners LTD. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,092 shares of the entertainment giant’s stock after selling 6,982 shares during the period. Stratos Wealth Partners LTD.’s holdings in Walt Disney were worth $12,481,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Czech National Bank boosted its position in shares of Walt Disney by 6.3% during the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock valued at $35,532,000 after acquiring an additional 21,998 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in Walt Disney by 10.5% during the third quarter. Miracle Mile Advisors LLC now owns 37,963 shares of the entertainment giant’s stock valued at $3,652,000 after purchasing an additional 3,620 shares in the last quarter. Stonebridge Capital Management Inc. grew its stake in shares of Walt Disney by 1.9% in the 3rd quarter. Stonebridge Capital Management Inc. now owns 29,298 shares of the entertainment giant’s stock valued at $2,819,000 after purchasing an additional 550 shares during the period. Bangor Savings Bank raised its holdings in shares of Walt Disney by 2.3% in the 3rd quarter. Bangor Savings Bank now owns 16,213 shares of the entertainment giant’s stock worth $1,560,000 after buying an additional 358 shares in the last quarter. Finally, Chapin Davis Inc. lifted its position in shares of Walt Disney by 1.9% during the 3rd quarter. Chapin Davis Inc. now owns 20,601 shares of the entertainment giant’s stock worth $1,982,000 after buying an additional 380 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 5,000 shares of the business’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 transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Guggenheim lifted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Prescient Securities decreased their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC lifted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report 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 stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $125.65.

Walt Disney Stock Performance

Shares of DIS opened at $113.35 on Wednesday. The stock has a 50 day moving average of $112.30 and a 200 day moving average of $100.77. The company has a market capitalization of $205.00 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 2.02 and a beta of 1.42. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

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 analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.50 dividend. 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. This represents a yield of 0.6%. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

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.