Newman Dignan & Sheerar Inc. trimmed its holdings in Walt Disney Co (NYSE:DIS) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,044 shares of the entertainment giant’s stock after selling 245 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Walt Disney were worth $2,465,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. JJJ Advisors Inc. grew its stake in shares of Walt Disney by 96.8% in the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after buying an additional 120 shares in the last quarter. Garrett Wealth Advisory Group LLC acquired a new position in Walt Disney during the 3rd quarter worth about $36,000. Advocacy Wealth Management Services LLC lifted its stake in Walt Disney by 52.8% during the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 132 shares in the last quarter. NewSquare Capital LLC lifted its stake in Walt Disney by 24.9% during the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after acquiring an additional 77 shares in the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $60,000. 64.07% of the stock is owned by institutional investors.

Walt Disney stock opened at $144.32 on Thursday. The company has a market capitalization of $261.71 billion, a P/E ratio of 25.01, a PEG ratio of 5.70 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.90. Walt Disney Co has a fifty-two week low of $107.32 and a fifty-two week high of $153.41. The stock has a 50-day simple moving average of $146.80 and a 200-day simple moving average of $139.65.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The firm had revenue of $19.10 billion for the quarter, compared to the consensus estimate of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. As a group, analysts forecast that Walt Disney Co will post 5.35 earnings per share for the current year.

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Stockholders of record on Monday, December 16th will be issued a $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 13th. Walt Disney’s payout ratio is currently 30.50%.

In other Walt Disney news, CFO Christine M. Mccarthy sold 4,617 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the transaction, the chief financial officer now directly owns 135,756 shares of the company’s stock, valued at approximately $18,897,235.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan N. Braverman sold 1,113 shares of Walt Disney stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $146.32, for a total transaction of $162,854.16. Following the completion of the transaction, the executive vice president now owns 102,789 shares in the company, valued at $15,040,086.48. The disclosure for this sale can be found here. Insiders sold 18,837 shares of company stock valued at $2,759,138 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Several research firms have weighed in on DIS. ValuEngine downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co reduced their price target on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Loop Capital lifted their price objective on shares of Walt Disney from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Consumer Edge initiated coverage on shares of Walt Disney in a report on Monday, November 25th. They issued an “overweight” rating and a $175.00 price objective for the company. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and a consensus target price of $154.31.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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