Onyx Bridge Wealth Group LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Onyx Bridge Wealth Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,631 shares of the entertainment giant’s stock after selling 717 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Walt Disney were worth $850,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DIS. Czech National Bank raised its position in shares of Walt Disney by 6.3% during the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock worth $35,532,000 after acquiring an additional 21,998 shares in the last quarter. Reliant Investment Management LLC lifted its holdings in shares of Walt Disney by 1.3% in the 3rd quarter. Reliant Investment Management LLC now owns 41,322 shares of the entertainment giant’s stock valued at $3,975,000 after purchasing an additional 535 shares during the last quarter. Leibman Financial Services Inc. boosted its position in shares of Walt Disney by 18.2% in the 3rd quarter. Leibman Financial Services Inc. now owns 44,916 shares of the entertainment giant’s stock valued at $4,320,000 after purchasing an additional 6,918 shares during the period. Trust Co of Kansas grew its stake in Walt Disney by 2.9% during the 3rd quarter. Trust Co of Kansas now owns 50,537 shares of the entertainment giant’s stock worth $4,861,000 after buying an additional 1,428 shares during the last quarter. Finally, Brookstone Capital Management increased its position in Walt Disney by 10.3% during the third quarter. Brookstone Capital Management now owns 127,544 shares of the entertainment giant’s stock worth $12,268,000 after buying an additional 11,864 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $110.41 on Thursday. 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 1-year low of $83.91 and a 1-year high of $123.74. The firm has a market capitalization of $199.67 billion, a P/E ratio of 40.74, a P/E/G ratio of 2.02 and a beta of 1.42. The business’s 50-day simple moving average is $112.26 and its 200-day simple moving average is $100.89.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. Equities analysts predict that The Walt Disney Company will post 5.41 EPS for the current year.

Walt Disney Increases Dividend

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

Insider Activity

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney 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 completion of the sale, the chief executive officer now owns 226,767 shares in the company, valued at approximately $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on 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 in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Bank of America raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Finally, Rosenblatt Securities lifted their price objective on Walt Disney from $122.00 to $135.00 and gave the company a “buy” rating in a report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $125.65.

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.