Arlington Partners LLC Has $4.41 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Arlington Partners LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,607 shares of the entertainment giant’s stock after selling 3,416 shares during the period. Walt Disney makes up about 1.7% of Arlington Partners LLC’s holdings, making the stock its 13th biggest holding. Arlington Partners LLC’s holdings in Walt Disney were worth $4,410,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Walt Disney by 347.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,541 shares of the entertainment giant’s stock valued at $1,398,000 after buying an additional 11,294 shares in the last quarter. Mechanics Bank Trust Department increased its position in shares of Walt Disney by 7.7% in the 3rd quarter. Mechanics Bank Trust Department now owns 13,699 shares of the entertainment giant’s stock valued at $1,318,000 after buying an additional 975 shares in the last quarter. City State Bank increased its position in shares of Walt Disney by 51.4% in the 3rd quarter. City State Bank now owns 2,896 shares of the entertainment giant’s stock valued at $279,000 after buying an additional 983 shares in the last quarter. Retirement Planning Group LLC increased its position in shares of Walt Disney by 17.5% in the 3rd quarter. Retirement Planning Group LLC now owns 4,241 shares of the entertainment giant’s stock valued at $408,000 after buying an additional 632 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its position in shares of Walt Disney by 1.2% in the 3rd quarter. Douglas Lane & Associates LLC now owns 660,206 shares of the entertainment giant’s stock valued at $63,505,000 after buying an additional 7,853 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research reports. Piper Sandler initiated coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Guggenheim increased their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Finally, TD Cowen increased their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $110.83 on Monday. The company’s 50 day simple moving average is $111.87 and its 200 day simple moving average is $101.19. The stock has a market capitalization of $200.36 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.67. The Walt Disney Company has a 1 year low of $83.91 and a 1 year 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 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 fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is presently 32.57%.

Insider Transactions at Walt Disney

In other 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 transaction, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction 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 transaction, 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. Over the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. Company insiders own 0.16% of the company’s stock.

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.