The Walt Disney Company (NYSE:DIS) Shares Sold by Spinnaker Trust

Spinnaker Trust lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,169 shares of the entertainment giant’s stock after selling 258 shares during the period. Spinnaker Trust’s holdings in Walt Disney were worth $353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning boosted its stake in Walt Disney by 0.9% in the third quarter. Creative Planning now owns 655,712 shares of the entertainment giant’s stock valued at $59,827,000 after acquiring an additional 5,972 shares in the last quarter. Secure Asset Management LLC boosted its stake in Walt Disney by 13.0% in the third quarter. Secure Asset Management LLC now owns 4,035 shares of the entertainment giant’s stock valued at $388,000 after acquiring an additional 463 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Walt Disney by 7.4% in the third quarter. Stratos Wealth Partners LTD. now owns 119,074 shares of the entertainment giant’s stock valued at $11,454,000 after acquiring an additional 8,198 shares in the last quarter. KMG Fiduciary Partners LLC boosted its stake in Walt Disney by 2.3% in the third quarter. KMG Fiduciary Partners LLC now owns 55,425 shares of the entertainment giant’s stock valued at $5,331,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its stake in Walt Disney by 10.2% in the third quarter. Moss Adams Wealth Advisors LLC now owns 4,237 shares of the entertainment giant’s stock valued at $408,000 after acquiring an additional 391 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the firm’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 sale, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,412 shares of company stock worth $44,153,263 over the last ninety days. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DIS. Deutsche Bank Aktiengesellschaft upped their price objective 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. Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Evercore ISI upped their target price 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. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Walt Disney Stock Up 0.7 %

DIS stock opened at $110.31 on Friday. The company’s 50 day simple moving average is $111.14 and its 200-day simple moving average is $101.78. The firm has a market capitalization of $199.42 billion, a PE ratio of 35.93, a P/E/G ratio of 1.95 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 debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts expect that The Walt Disney Company will post 5.43 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. Walt Disney’s dividend payout ratio is currently 32.57%.

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.