Bard Financial Services Inc. Sells 825 Shares of The Walt Disney Company (NYSE:DIS)

Bard Financial Services Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,510 shares of the entertainment giant’s stock after selling 825 shares during the quarter. Bard Financial Services Inc.’s holdings in Walt Disney were worth $1,504,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DIS. Savant Capital LLC raised its holdings in shares of Walt Disney by 8.4% in the second quarter. Savant Capital LLC now owns 51,114 shares of the entertainment giant’s stock worth $5,075,000 after buying an additional 3,969 shares during the period. Chicago Capital LLC grew its holdings in Walt Disney by 12.1% in the second quarter. Chicago Capital LLC now owns 11,808 shares of the entertainment giant’s stock worth $1,172,000 after purchasing an additional 1,277 shares during the last quarter. Strategic Financial Concepts LLC increased its position in shares of Walt Disney by 7,637.8% during the second quarter. Strategic Financial Concepts LLC now owns 225,788 shares of the entertainment giant’s stock worth $224,000 after purchasing an additional 222,870 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $82,000. Finally, Delta Financial Advisors LLC boosted its position in shares of Walt Disney by 2.2% in the 2nd quarter. Delta Financial Advisors LLC now owns 15,104 shares of the entertainment giant’s stock worth $1,500,000 after purchasing an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIS shares. Deutsche Bank Aktiengesellschaft raised their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI boosted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Bank of America upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen boosted their price target on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.58.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 385,412 shares of company stock valued at $44,153,263. 0.10% of the stock is currently owned by company insiders.

Walt Disney Trading Up 0.6 %

Shares of NYSE:DIS traded up $0.70 during mid-day trading on Monday, reaching $111.86. 3,049,484 shares of the company were exchanged, compared to its average volume of 4,655,743. The firm has a market cap of $202.57 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 2.05 and a beta of 1.43. 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’s 50-day simple moving average is $109.69 and its 200 day simple moving average is $99.15.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $22.49 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast 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. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio is currently 36.90%.

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.