Shulman DeMeo Asset Management LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Shulman DeMeo Asset Management LLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,634 shares of the entertainment giant’s stock after selling 151 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Walt Disney were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DIS. Edgestream Partners L.P. boosted its holdings in shares of Walt Disney by 67.3% during the second quarter. Edgestream Partners L.P. now owns 6,486 shares of the entertainment giant’s stock worth $644,000 after purchasing an additional 2,610 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in Walt Disney by 12.5% in the second quarter. E Fund Management Co. Ltd. now owns 11,395 shares of the entertainment giant’s stock valued at $1,131,000 after purchasing an additional 1,267 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Walt Disney by 1.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock worth $35,429,000 after purchasing an additional 4,256 shares during the period. Marathon Trading Investment Management LLC boosted its holdings in shares of Walt Disney by 333.0% in the 2nd quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock valued at $775,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Middleton & Co. Inc. MA boosted its holdings in shares of Walt Disney by 0.9% in the 2nd quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock valued at $3,862,000 after purchasing an additional 334 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the company’s stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 385,412 shares of company stock worth $44,153,263 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Down 1.7 %

Shares of DIS stock opened at $106.38 on Friday. The firm has a market capitalization of $192.65 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a fifty day moving average of $111.77 and a two-hundred day moving average of $99.58.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid 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 currently 36.90%.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. TD Cowen boosted their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Finally, Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.54.

About Walt Disney

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.