Premier Path Wealth Partners LLC Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Premier Path Wealth Partners LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,687 shares of the entertainment giant’s stock after selling 1,990 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Walt Disney were worth $2,192,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in shares of Walt Disney by 67.3% during the 2nd 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 period. MQS Management LLC bought a new position in Walt Disney during the second quarter valued at about $479,000. Intech Investment Management LLC raised its position in Walt Disney by 38.1% in the second quarter. Intech Investment Management LLC now owns 184,004 shares of the entertainment giant’s stock worth $18,270,000 after acquiring an additional 50,759 shares during the period. Brighton Jones LLC boosted its stake in Walt Disney by 6.8% in the second quarter. Brighton Jones LLC now owns 28,076 shares of the entertainment giant’s stock valued at $2,788,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Ieq Capital LLC grew its position in shares of Walt Disney by 1.6% during the 2nd quarter. Ieq Capital LLC now owns 179,075 shares of the entertainment giant’s stock valued at $17,780,000 after acquiring an additional 2,779 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $107.07 on Friday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. 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 firm has a market capitalization of $193.90 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.94 and a beta of 1.43. The company’s fifty day moving average price is $111.92 and its 200-day moving average price is $99.62.

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

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 0.6%. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’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 completion of 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 trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on DIS shares. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Needham & Company LLC boosted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Redburn Atlantic upgraded shares of 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. 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. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.54.

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.