International Assets Investment Management LLC Sells 3,393,396 Shares of The Walt Disney Company (NYSE:DIS)

International Assets Investment Management LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 99.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 32,997 shares of the entertainment giant’s stock after selling 3,393,396 shares during the quarter. International Assets Investment Management LLC’s holdings in Walt Disney were worth $3,657,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the 2nd quarter worth approximately $32,000. Birch Capital Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $56,000. First PREMIER Bank increased its position in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. FSA Wealth Management LLC bought a new position in Walt Disney in the third quarter valued at about $51,000. Finally, Livelsberger Financial Advisory purchased a new position in Walt Disney in the third quarter worth about $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several analyst reports. Guggenheim lifted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Rosenblatt Securities boosted 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. Finally, Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $125.54.

Insider Transactions at Walt Disney

In related news, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following 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 trade represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. 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. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 1.3 %

Shares of DIS stock traded down $1.46 during mid-day trading on Wednesday, hitting $109.93. 1,011,284 shares of the stock traded hands, compared to its average volume of 5,160,804. The stock’s fifty day moving average is $110.29 and its two-hundred day moving average is $99.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $199.08 billion, a P/E ratio of 40.56, a P/E/G ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. Equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Shareholders of record on Monday, December 16th will be issued a $0.50 dividend. This represents a yield of 0.6%. The ex-dividend date is Monday, December 16th. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 36.90%.

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.