Stephens Inc. AR Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Stephens Inc. AR lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,795 shares of the entertainment giant’s stock after selling 35,704 shares during the quarter. Stephens Inc. AR’s holdings in Walt Disney were worth $7,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Hager Investment Management Services LLC bought a new position in Walt Disney in the fourth quarter worth $43,000. Cedar Mountain Advisors LLC lifted its position in Walt Disney by 38.1% during the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 110 shares during the period. Friedenthal Financial bought a new stake in shares of Walt Disney during the 4th quarter valued at $49,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth about $50,000. 65.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Robert A. Iger sold 372,412 shares of the 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 completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on DIS shares. Needham & Company LLC reissued a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. TD Cowen upped their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Rosenblatt Securities lifted their price objective on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, December 16th. The Goldman Sachs Group increased their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Prescient Securities dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.85.

Walt Disney Trading Down 1.1 %

Shares of Walt Disney stock opened at $110.83 on Monday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. The company has a market capitalization of $200.36 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a fifty day moving average of $111.87 and a 200 day moving average of $101.19.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 return on equity of 9.95% and a net margin of 6.07%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.43 earnings per share 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. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is 32.57%.

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.