RPG Investment Advisory LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

RPG Investment Advisory LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,842 shares of the entertainment giant’s stock after selling 1,246 shares during the period. Walt Disney comprises 1.7% of RPG Investment Advisory LLC’s portfolio, making the stock its 21st largest holding. RPG Investment Advisory LLC’s holdings in Walt Disney were worth $12,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $35,000. Hager Investment Management Services LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $43,000. Finally, Cedar Mountain Advisors LLC lifted its holdings in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Evercore ISI upped their price target 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. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Wells Fargo & Company upped their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.44.

Walt Disney Trading Down 1.7 %

NYSE DIS opened at $108.62 on Monday. 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 0.62. The company has a market capitalization of $196.37 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company’s fifty day moving average price is $110.70 and its two-hundred day moving average price is $102.58.

Walt Disney (NYSE:DIS) last issued 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 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The company 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. 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 dividend payout ratio (DPR) is 32.57%.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.